Here Are Wells Fargo Banks Close To You
The bank was founded 166 years ago (March 1852) by William Fargo and Henry wells, although it established its footprints in 2008 after acquiring the Wachovia bank. Since then, it has managed to accumulate $3.2 billion deposits.
Apart from the USA, the financial institution offers its banking and investment services to different cities and countries in the world. It has offices in Dubai, Tokyo, London, Hongkong, and Toronto. They also have operating back offices in Philippines and India with more than 3000 employers.
Current Operations Of Wells Fargo Near You
This financial institution delineates in three primary business segments according to its report results. Its operating segments include:
- Community banking- wells Fargo supports regional banking and offers diversified products for its customers. It has more than 2000 stand-alone mortgage branches in the country, which all help in mobilizing markets.
- Wholesale banking-wells Fargo in your area is actively involved in treasury management, asset-based lending, capital markets, and investments banking, mutual funds, as well as institutional and corporate trust services.
- Wealth and investment management- the bank provides various investment products through its subsidiaries or through the national dealer/broker companies.
Wells Fargo nearby has acquired many financial institutions and companies, a move which has made it remain at the op. among is acquired firms include the Crocker national corporation. Personal trust business of Bank of America, Barclays Bank of California, first interstate Bancorp, the national bank of Alaska’s, placer sierra bank, Wachovia corporation and much more.
The closest Wells Fargo operates 12 different museums which feature a vast collection of baskets, ivory carvings, baskets gold nuggets, historic bank artifacts, telegraph equipment and much more. It has a total number of 12 museums with the main ones being the nearest Wells Fargo history museum and the Alaska heritage museum.
The bank has always been at the forefront when it comes to conserving the environment. In 2007, the financial institution was ranked as the best among all banks and insurance firms in the inaugural green rankings. It has also managed to offer $6 billion to finance the environmentally beneficial business opportunities which include the utility-scale wind projects. It has also participated in other initiatives which mobilize people to take care of the environment.
Controversies, Fines, And Lawsuits
Wells Fargo has not been smoothly operating without some controversies. In 1981, the financial institution was involved in a funds embezzlement scandal which was perceived as one of the largest embezzlements in history.
In 2007, Wells Fargo Lisa Madigan, the then Illinois general secretary filed a suit against the bank with the claims that the institution was charging high fees on its subprime loans. The bank has also been accused of avoiding taxes, violating the New York credit card laws, excess overdraft fees, discontent among the female workers, and much more.
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