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Wells Fargo became the first major US financial services firm to offer internet banking, in May 1995. [46] After its string of acquisitions, in 1998, Wells Fargo Bank was acquired by Norwest Corporation of Minneapolis, with the combined company assuming the Wells Fargo name.
Charles W. Scharf (born April 24, 1965) [1] is an American investment banker and business executive who is the chief executive officer and president of Wells Fargo.
Carrie L. Tolstedt is an ousted American banking executive and former head of the community banking division at Wells Fargo, [1] from which she retired in 2016 before the company's account fraud scandal came to light. In 2017, Wells Fargo retroactively fired Tolstedt for cause. In 2023, she would plead guilty to obstructing a bank examination.
Wells Fargo has announced its fourth round of layoffs this year and the second in May from its West Des Moines campus. But it's also filling some jobs
Banking giant Wells Fargo & Co. is establishing a foothold in central Ohio, promising to create a tech hub that will create 585 high-paying jobs.
This article outlines the history of Wells Fargo & Company from its merger with Norwest Corporation and beyond. The new company chose to retain the name of "Wells Fargo" and so this article is about the history after the merger.