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Wells Fargo Bank |
| Wells Fargo Bank is one of the most reputed companies in the world. Its banking services and solutions have been catering to a long list of customers for a very long time. It is the 5th largest bank in the US in terms of the total assets and in terms of market capital it is the 8th largest in the world. Wells Fargo bank is therefore besides being one of the leading financial institutions in the US, is also a reputed brand all over the globe. With about 6000 branches all over the world and a customer base of over 23 million, Wells Fargo Bank is definitely a benchmark of high quality banking services in itself. |
History of Wells Fargo Bank:
The history of the Wells Fargo bank date back to 1998 when the California based Wells Fargo & Co was acquired by the Norwest Corporation of Minneapolis. The company continued to operate with the existing name Wells Fargo and its headquarters were shifted to California in San Francisco.
The only reason behind retaining the old name was to exploit the benefits of the already established brand and also strive to maintain the standards already achieved by the Wells Fargo trademark. The original Wells Fargo & Co was established in the year 1852 in New York.
Wells Fargo bank specializes in a number of banking solutions. The significant ones to mention here are:
- Corporate Banking
- Investment Banking
- Consumer Finance
- Payday advance
- Mortgages
- Retail Banking
- Insurance
The Wells Fargo Bank clearly demarcates its 3 lines of businesses - Consumer Finance, Retail Banking and Wholesale Banking.
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