2. INTRODUCTION
Wells Fargo was founded in 1852
It is a multinational financial services company, based on San Francisco.
It is the Third largest bank in the world by market capitalisation.
It is also called as world third largest bank in US assets.
The company provides banking, investment banking products and services
Caption
1
Для того чтобы
получить результат, тебе
нужно подписаться на
спонсоров:
Аниме Художник |
Нейросеть
Что бы ты выбрал?
Подпишись на канал и
нажми Я подписался
⭕️ Вы не подписались на
все каналы
3. According to the company , It has more than $1.92 trillion in assets.
bank serves more than 64 million customers across the country and has more
The bank had a market capitalisation of $165 billion dollars as per July 2022.
The net income in 2021 is $21.5 billion earnings Reported .
2
Для того чтобы
получить результат, тебе
нужно подписаться на
спонсоров:
Аниме Художник |
Нейросеть
Что бы ты выбрал?
Подпишись на канал и
нажми Я подписался
⭕️ Вы не подписались на
все каналы
4. Investment strategy
Banks profits come from loans, Investments and fees.
Caption
3
Для того чтобы
получить результат, тебе
нужно подписаться на
спонсоров:
Аниме Художник |
Нейросеть
Что бы ты выбрал?
Подпишись на канал и
нажми Я подписался
⭕️ Вы не подписались на
все каналы
6. Data Sep30,021 Jun30,022 Sep30,022
Net interest
income $12,098 $10,198 $12,098
Non Net interest
income $7,407 $6,830 $7,407
Total revenue $19,505 $17,028 $19,505
5
7. What make wells Fargo one of the largest Bank
in America?
A. Major regional acquisitions
B. Serving the rich and the mass market
C. Whole sale banking
D. Community banking
E. Not just Retail Banking
F. Community banking ,above all
G. Scandals
6
8. What make wells Fargo one of the largest banks
In America ?
• Major regional acquisitions:
• In 1998, It merged with northwest corp.
It even bought out east. Coast giant wachovia a decade later.
7
9. Serving the Rich and the Mass Market
alth and Investment Management means financial services for rich people. This end
rson knows—at least in the United States—that preserving one’s affluence can
8
10. Wells Fargo's wholesale banking division tends to the financial needs of U.S.-based a
• Wholesale Banking
9
11. • Community Banking
part of the bank's operations services retail and small business clients with their ev
10
12. • Not Just Retail Banking
Actually, that doesn't even begin to cover it. Wholesale Banking includes, for instanc
you want to buy a dragline for your surface mining project and don’t have the $35
be a Wells Fargo wholesale customer, you need annual revenues of at least $5 milli
11
13. The bank has wholesale offices in 42 states that are manned by more than 30,000
to say nothing of its wholesale offices across the globe, from Santiago to Seoul, C
12
14. • Community Banking, Above All
• Community banking net income was $7.4 billion in 2019 on total annual revenue o
rgin might seem high, but it really isn’t. If you’ve ever been skeptical of how you ca
13
15. to the company, the community banking segment includes "checking and savings acco
14
16. ederal Reserve imposed a cap on Wells Fargo's assets worth more than $1.95 trillio
• In December 2013, the L.A. Times reported that desperate branch employe
the time of the story, the bank denied all the claims. It was only three years later
15
• SCandals
17. lls Fargo promised to refund customers who had improper fees as a result of this b
cording to the New York Times, Wells Fargo paid "more than $1.5 billion in penaltie
pril 20, 2018, it was announced that the Consumer Financial Protection Bureau (CFPB
16
18. 018, the Securities and Exchange Commission (SEC) revealed an investigation found
n August 2018, the company paid a penalty of $2 billion for allegedly misrepresenti
17