FinTech Magazine March 2025 | Page 46

WELLS FARGO
TOP 10 : BIGGEST BANKS WORLDWIDE

07

WELLS FARGO

REVENUE US $ 82.9BN ( 2023 ) EMPLOYEES 230,000 ( 2023 ) ( ESTIMATE ) CEO CHARLES W . SCHARF
FOUNDED MARCH 18 , 1852 , IN SAN FRANCISCO BY HENRY WELLS AND WILLIAM FARGO The modern Wells Fargo & Company was formed through the 1998 merger with Norwest Corporation
Despite its roots as a regional American bank founded during the California Gold Rush , Wells Fargo has evolved into one of the world ’ s leading financial institutions . Known for its extensive retail banking network across the United States , the bank has refocused on rebuilding trust and modernising its operations following regulatory challenges . Under new leadership , Wells Fargo has prioritised technological innovation and customer service enhancement , while strengthening its position in commercial banking and wealth management services throughout its domestic market . CREDIT : GETTY
46 March 2025
WATCH NOW Doing strengthens local communities