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Wells Fargo is a multinational financial services company and one of the "Big Four Banks" in the U.S. It offers banking, investment, insurance, and other products and services to over 70 million customers worldwide. Learn about its origins, mergers, scandals, and global presence.
Golden West Financial was a savings and loan corporation that operated World Savings Bank branches in the US. It was acquired by Wachovia in 2006, but its subprime mortgage losses contributed to Wachovia's collapse in 2008.
Carrie Tolstedt is a former Wells Fargo executive who retired and was fired for her role in the account fraud scandal. She pleaded guilty to obstructing a bank examination in 2023 and faced civil and criminal charges.
Increase in Participants Taking Loans from Their 401(k) Plans, Wells Fargo Finds Average loan balances increase as well as frequency of 401(k) loans taken by people ages 50s and 60s CHARLOTTE, N.C ...
Lowe's reversal is the only one from a company run by a black CEO. Its boss, Marvin Ellison, is the only black executive to have run two Fortune 500 companies: Lowe's and JCPenney.
Learn about the merger of Wells Fargo and Norwest in 1998, the acquisition of Wachovia in 2008, and the investment by U.S. Treasury during the financial crisis. The article covers the major events and milestones of Wells Fargo's history from 1998 to present.
Principal Financial Group is a global financial investment management and insurance company based in Des Moines, Iowa. It was founded as Bankers Life Insurance Company in 1879 and has four business segments: Retirement and Income Solutions, Principal Global Investors, Principal International, and Benefits & Protection.
Norwest Corporation was a banking and financial services company that merged with Wells Fargo in 1998. It originated from Northwest Bancorporation, a banking cooperative formed in 1929, and expanded through acquisitions and interstate banking.
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