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Fed steps in to prod Wachovia deal along

Fed steps in to prod Wachovia deal along

WASHINGTON, Oct. 6 (UPI) -- The U.S. Federal Reserve bank is trying to negotiate a compromise between two banks trying to purchase parts or all of Wachovia Corp.

Judge blocks Wachovia-Wells Fargo merger

NEW YORK, Oct. 5 (UPI) -- Citigroup Inc. says a New York judge has temporarily blocked the planned $15.1 billion sale of U.S. bank Wachovia Corp. to Wells Fargo & Co.
Wachovia switches to Wells Fargo deal

Wachovia switches to Wells Fargo deal

CHARLOTTE, N.C., Oct. 3 (UPI) -- Wachovia Corp. announced Friday it was jilting Citigroup in favor of a $7-per-share offer from Wells Fargo & Co.

Computer shuts Wells Fargo transactions

SAN FRANCISCO, Aug. 20 (UPI) -- Computer failures kept Wells Fargo & Co. customers from completing branch transactions or using debit cards, the U.S. bank said Monday.

Wells Fargo opening tech center in India

SAN FRANCISCO, Aug. 1 (UPI) -- Wells Fargo & Co. said Tuesday it will open a technology center in India because it cannot find enough qualified technicians in the United States.

Advanced Equities buys Wells Fargo units

CHICAGO, Jan. 6 (UPI) -- Advanced Equities Financial of Chicago said Thursday it has acquired FAS Holdings Inc. and First Allied Securities from Wells Fargo & Co. of San Francisco.

Wells Fargo planning to reorganize funds

SAN FRANCISCO, Sept. 20 (UPI) -- The board of the Wells Fargo Funds Trust in San Francisco Monday announced it is planning to reorganize five funds.

Confidence rising at small businesses

SAN FRANCISCO, Aug. 30 (UPI) -- Wells Fargo of San Francisco said Monday small business owners are generally optimistic despite downside risks.

Acordia buys Speare & Co.

CHICAGO, June 14 (UPI) -- Acordia of Chicago said Monday it has acquired Speare & Co. of Encino California fror an undisclosed amount.

Wells Fargo and HSBC Mexico in venture

SAN FRANCISCO, June 10 (UPI) -- Wells Fargo of California said Thursday it has joined HSBC Mexico to make it easier for people living in the United States to wire money to Mexico.

Confidence rises among small businesses

SAN FRANCISCO, May 13 (UPI) -- U.S. small business owners aren't letting interest rate concerns and geopolitical uncertainty get them down, San Francisco based Wells Fargo said Thursday.

Wells Fargo buys Payday

Wells Fargo & Co. said Tuesday it acquired PayDay of Minnesota Inc., a payroll services provider.

Popup software maker wins again

DETROIT, Nov. 20 (UPI) -- A federal court judge in Detroit has dismissed Wells Fargo's motion to block rival pop-up ads when customers access the bank's Web site.

Wells Fargo clients hit by e-mail scam

SAN FRANCISCO, July 23 (UPI) -- Wells Fargo bank customers are alerted to an e-mail hoax that seeks to get their computer passwords, IDG News Service reports.
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Wells Fargo
Mary Coffin, executive vice president of Wells Fargo Home Mortgage, testifies before the House Financial Services Committee about housing foreclosures on Capitol Hill in Washington, on September 17, 2008. (UPI Photo/Roger L. Wollenberg)
Wiki

Wells Fargo & Co. (NYSE: WFC) is a diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the US by assets and the second largest bank by market cap. Wells Fargo is the second largest bank in deposits, home mortgage servicing, and debit card. It is the only bank in the United States to be rated AAA by S&P.

Headquartered in San Francisco, California (its bank, Wells Fargo Bank, N.A., is legally chartered in Sioux Falls, South Dakota), Wells Fargo is a result of a merger between California-based Wells Fargo & Co. and Minneapolis-based Norwest Corporation in 1998. The new company chose to keep the name Wells Fargo, to capitalize on the 150-year history of the nationally-recognized Wells Fargo name and its trademark stagecoach. After the merger, the company maintained its headquarters in San Francisco and charter in Sioux Falls.

As of 2009, Wells Fargo has 6,650 retail branches (called stores by Wells Fargo), 12,260 Automated Teller Machines, 276,000 employees and over 48 million customers. Wells Fargo currently operates stores and ATMs under the Wells Fargo and Wachovia names. Wells Fargo was named as "The World's Safest US Bank" based on long-term foreign currency ratings from Fitch Ratings and Standard & Poor's and the long-term bank deposit ratings from Moody’s Investors Service for the year 2007.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Wells Fargo."
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