Wells Fargo Company Overview and Regulations
Wells Fargo & Company
Company Overview
I. Overview
Wells Fargo & Company is an American multinational banking and financial services holding company with operations across the world. The company was founded in 1852 and is headquartered in San Francisco, California. Today Wells Fargo is the fourth largest bank in the US. Wells Fargo has $1.4 trillion in assets and more than 265,000 team members in more than 35 countries across more than 80 businesses lines. The company’s diversified financial services include banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores and more than 12,000 ATMs as well as the Internet (wellsfargo.com). One in three households in America does business with Wells Fargo.
Wells Fargo has three operating segments for management reporting purposes: Community Banking; Wholesale Banking; and Wealth, Brokerage and Retirement. The company 's Community Banking segment offers deposits, such as checking accounts, savings deposits, market rate accounts, individual retirement accounts, time deposits, and debit cards; and loan products, including lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education loans, residential mortgage loans, and credit cards. Its Wholesale Banking segment offers commercial loans and lines of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection services, foreign exchange, treasury management, investment management, institutional fixed-income sales, interest rate, commodity and equity risk management, online/electronic products, and investment banking services. The company 's Wealth, Brokerage, and Retirement segment offers financial advisory, wealth management, brokerage, retirement, trust, and reinsurance services.
The financial services industry is highly competitive. Wells Fargo’s subsidiaries compete with financial services providers such as
Company Overview
I. Overview
Wells Fargo & Company is an American multinational banking and financial services holding company with operations across the world. The company was founded in 1852 and is headquartered in San Francisco, California. Today Wells Fargo is the fourth largest bank in the US. Wells Fargo has $1.4 trillion in assets and more than 265,000 team members in more than 35 countries across more than 80 businesses lines. The company’s diversified financial services include banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores and more than 12,000 ATMs as well as the Internet (wellsfargo.com). One in three households in America does business with Wells Fargo.
Wells Fargo has three operating segments for management reporting purposes: Community Banking; Wholesale Banking; and Wealth, Brokerage and Retirement. The company 's Community Banking segment offers deposits, such as checking accounts, savings deposits, market rate accounts, individual retirement accounts, time deposits, and debit cards; and loan products, including lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education loans, residential mortgage loans, and credit cards. Its Wholesale Banking segment offers commercial loans and lines of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection services, foreign exchange, treasury management, investment management, institutional fixed-income sales, interest rate, commodity and equity risk management, online/electronic products, and investment banking services. The company 's Wealth, Brokerage, and Retirement segment offers financial advisory, wealth management, brokerage, retirement, trust, and reinsurance services.
The financial services industry is highly competitive. Wells Fargo’s subsidiaries compete with financial services providers such as
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