Top 10 Banks in the World 2015

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2. Wells Fargo

Wells Fargo headquartered in San Francisco, California is an American financial services holding company which was founded in 1852.

In its’ present form the company is a result of a merger between San-Francisco based Wells Fargo & company and Minneapolis based Norwest corporation in 1998 and acquisition of Wachovia in 2008.Wells Fargo is one of the Big four Banks of the United States and operates across 35 countries with over 70 million customers globally.

Wells Fargo offers services in around 80 different business lines and three segments- community banking, wholesale banking and wealth, brokerage and retirement. Community banking services include regional banking; diversified products and consumer deposits group as well as customer connection. Investment products are offered through subsidiaries Wells Fargo Investment, LLC and Wells Fargo Advisors. Private banking is used to serve high net worth individuals. Wholesale banking includes products sold to large and middle market commercial companies. This includes lending, treasury management, mutual funds; asset based lending and other related services.

Led by John G. Stumpf, it employs 263900 employees.

Total Assets: $1701.4 B

Profits: $23.1 B

Market Value: $278.3 B

Return On Assets Ratio: 1.36%

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