Wells Fargo

Banking

A massive US retail and commercial banking giant, Wells Fargo boasts a legendary history tied to the American West and the Gold Rush.

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Official Wells Fargo Careers Website

Quick Facts

Founded: 1852
Founders: Henry Wells & William Fargo
Headquarters: San Francisco, California, USA
Industry: Banking & Financial Services

About Wells Fargo

Wells Fargo was founded in 1852 by the same men who founded American Express. It was created to provide express delivery and banking services to California during the Gold Rush. The iconic stagecoach remains its logo today. While it is one of the 'Big Four' US banks, its focus has historically been deeply domestic rather than international.

Wells Fargo dominates US commercial lending, middle-market corporate banking, and retail banking. After facing severe regulatory scrutiny starting in 2016 over sales practices, the bank has been undergoing a massive, multi-year transformation regarding compliance, risk management, and technology infrastructure, much of which is driven from its massive GCCs in India.

What Wells Fargo Does

Consumer Banking

Branches, deposits, and auto lending.

Commercial Banking

Middle-market banking and commercial real estate.

Corporate & Investment Bank

Capital markets and advisory for large corporations.

Wealth & Investment Management

Private wealth and brokerage services.

Career Areas

Types of professional roles found inside Wells Fargo.

Software Engineer
Risk & Compliance Operations
Commercial Banking Analyst
Data Scientist
Audit & Regulatory Controls

Wells Fargo's History

1852
Founded
Founded to serve the booming population of California during the Gold Rush.
1998
Norwest Merger
Merges with Norwest Corporation, retaining the Wells Fargo name and creating a national footprint.
2008
Wachovia Acquisition
Acquires Wachovia during the financial crisis, massively expanding its East Coast presence.
2016
Sales Scandal
A major cross-selling scandal forces massive leadership and cultural overhauls.