TOP 100 COMPANIES

IMAGE: WELLS FARGO

Founded in 1852

CEO: Charles W. Scharf www htps:/ com wellsfargo. / www htps company:/ linkedin. / wellsfargo

Wells Fargo is a financial services company with approximately US $ 1.9tn in assets.

Over 170 years old, the company offers banking, investment, mortgages, and financing for both individuals and businesses. Its astronomical scale is demonstrated in some impressive stats: Wells Fargo operates offices in more than 40 markets and employs a quarter of a million staff. In the United States alone, it reaches one third of all households – equivalent to around 40m families. Wells Fargo is committed to community giving and economic empowerment, but, like many organisations of its size, is not without its troubles: last year, it was hit with a US $ 3.7bn fine relating to the mismanagement of car loans, mortgages and bank accounts.

The business today is led by Chief Executive Officer and President Charles W. Scharf, a financial services veteran with more than 25 years’ experience in leadership roles in the banking and payments industries – including as CEO of Bank of New York Mellon for two years and CEO of Visa for four years.

The company has a storied and much-retold past. At the height of the Gold Rush, founders Henry Wells and William Fargo established a network of offices from California to New York that brought customers closer to the things they valued. The firm’ s early history is characterised to this day by the Wells Fargo Stagecoach – a procession of horse-drawn coaches that would transport money, goods and passengers across vast swathes of the US. The construction of the railways made them largely redundant, but they remain an icon of American history to this day.

Banking United States

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