All About Wells Fargo

The Wells Fargo is a company for financial services in the United States with consumer finance subsidiaries doing business in Canada, the Northern Mariana Islands and the Caribbean. Wells Fargo has thier headquarteres at San Francisco, California, Wells Fargo is a result of the acquisition of California-based Wells, Fargo & Co. by Minneapolis-based Norwest Corporation in 1998. Though it is unusual for a business acquisition, in this case Norwest has choosed to change its name to that of the acquired company, to capitalize on the 150-year history of the Wells Fargo name and trademark stagecoach. After changing its name to Wells Fargo, it changed its headquarters from Minneapolis to San Francisco, where the old Wells Fargo Bank had been based. Thus, both before and after the transaction, "Wells Fargo Bank" was based in San Francisco, so that a misimpression was created that Wells Fargo Bank had acquired Norwest. By September 30, of 2005, Wells Fargo has 6,250 "stores", 23 million customers, and 153,000 employees.

This company offers a wide range of financial services to their coustomers, who are claiming in its investor presentations to operate over 80 divisions while being some what ambiguous over just what constitutes a business divisions in that context. In addition to this, the company claims to be one of the most integrated of financial services companies. Apart of this wide range of divisions. Wells Fargo provides many kinds of banking services like

1. Retail Banking
2. Community Banking
3. Card Services consumer credit
4. Consumer Deposits groups
5. Wholesale Banking
6. Tresury management
7. Mutual funds
8. Asset-based lending
9. Commercial real estate
10. Investment banking
11. Consumer Finance

The company Wells Fargo also provides a special Internet services which has been started from 1989. By 1995, it was one of the first bank to introduce the online banking account access. Internet banking services provided by them are

1. Paying the bills from anywhere, anyone in the United States.
2. Trade securities.
3. Viewing account information facilities and many more.

By online services for their coustomers they can apply for new accounts and products, renewal, change of address, view cancelled checks and lot more service available at place called Wells Fargo. For helping their customers it is managing business finance it has provided many powerful reporting tools and services such as account-based alerts, spending reports, deligations and lot more which are especially designed for businesses, to satisfy their coustomers.

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