Top 10 Banks in the World 2016

Posted in Top Brand Lists, Total Reads: 2442
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6. Wells Fargo

Headquartered in San Francisco, California, Wells Fargo & Company is American multinational banking and financial services company.


Image: flickr.com/photos/jeepersmedia/

A merger between Wells Fargo & Company and Norwest Corporation in 1998 along with subsequent acquisition of Wachovia in 2008 resulted into current form of Wells Fargo. Operating in around 35 countries with more than 70 million customers worldwide, Wells Fargo has been one of the Big four banks in United States of America.

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Wells Fargo offers services in many segments like community banking, wholesale banking along with wealth, brokerage & retirement. Wholesale banking includes products in lending, mutual funds, treasury management, asset based lending, etc. Led by John G. Stumph, Wells Fargo employs more than 264000 employees to cater to the needs of its customers globally.

Wells Fargo has been always considered as one of the premium banks in US. The company had a credit rating of AA- in late 2015. For a brief period in 2007, the bank was the only firm which had credit rating of AAA-. Operating through several “Hubquarters” spread throughout the country, Wells Fargo seems to be exceeding well in near future. “Together we’ll go far”- the tagline signifies that the bank believes in combined efforts along with explaining company’s name as Fargo- go far.

Total Revenue: $ 86.06 B

Tier-1 Capital: $ 162.80 B