Related Research Articles
Charles Crocker was an American railroad executive who was one of the founders of the Central Pacific Railroad, which constructed the westernmost portion of the first transcontinental railroad, and took control with partners of the Southern Pacific Railroad.
Farmers and Merchants Bank (F&M) is a historic lending institution (1871−1952) based in Downtown Los Angeles, California. It is known both for its architecture and its pivotal role in the economic development of early Los Angeles. Other, non-related "F&M Banks" exist in many cities and towns across the United States.
Isaias Wolf Hellman was a Kingdom of Bavaria-born American banker and philanthropist, and a founding father of the University of Southern California.
This article outlines the history of Wells Fargo & Company from its merger with Norwest Corporation and beyond. The new company chose to retain the name of "Wells Fargo" and so this article is about the history after the merger.
John Gerard Stumpf is an American business executive and retail banker. He was the chairman and chief executive officer of Wells Fargo, one of the Big Four banks of the United States. He was named CEO in June 2007, elected to the board of directors in June 2006, and named president in August 2005. He became chairman in January 2010. Stumpf resigned as chairman and CEO of Wells Fargo on October 12, 2016, after a scandal involving customer accounts and subsequent pressure from the public and lawmakers. He was succeeded by Timothy J. Sloan.
Wells Fargo & Company is an American multinational financial services company with a significant global presence. The company operates in 35 countries and serves over 70 million customers worldwide. It is a systemically important financial institution according to the Financial Stability Board, and is considered one of the "Big Four Banks" in the United States, alongside JPMorgan Chase, Bank of America, and Citigroup.
Danford Newton Barney was an American expressman who served as president of Wells Fargo & Company from 1853 to 1866.
Ashbel Holmes Barney was an American banker and expressman who served as president of Wells Fargo & Company in 1869–1870.
F. Warren Hellman was an American billionaire investment banker and private equity investor, the co-founder of private equity firm Hellman & Friedman. Hellman also co-founded Hellman, Ferri Investment Associates, today known as Matrix Partners. He started and funded the Hardly Strictly Bluegrass festival. Hellman died on December 18, 2011, of complications from his treatment for leukemia.
Walter Danforth Bliss (1874-1956) was an American architect from California. Many of his buildings are listed on the National Register of Historic Places.
Timothy J. Sloan is an American banker. He was the chief executive officer (CEO) of Wells Fargo from October 2016 until he resigned in March 2019, after significant pressure related to an ongoing controversy related to an account fraud scandal. He had previously been chief operating officer (COO) and chief financial officer (CFO).
The Wells Fargo cross-selling scandal was caused by creation of millions of fraudulent savings and checking accounts on behalf of Wells Fargo clients without their consent or knowledge due to aggressive internal sales goals at Wells Fargo. News of the fraud became widely known in late 2016 after various regulatory bodies, including the Consumer Financial Protection Bureau (CFPB), fined the company a combined US$185 million as a result of the illegal activity. The company faces additional civil and criminal suits reaching an estimated $2.7 billion by the end of 2018. The creation of these fake accounts continues to have legal, financial, and reputational ramifications for Wells Fargo and former bank executives as recently as September 2023.
The Wells Fargo Museum in Phoenix was one of eleven museums throughout the United States of the Wells Fargo Bank. The other museums were located in Alaska, Charlotte, Des Moines, Los Angeles, Minneapolis, Philadelphia, Portland, Sacramento, San Diego and San Francisco. The Phoenix museum was located in downtown Phoenix in the Wells Fargo Plaza.
Wells Fargo was an American banking company based in San Francisco, California, that was acquired by Norwest Corporation in 1998. During the California Gold Rush in early 1848 at Sutter's Mill near Coloma, California, financiers and entrepreneurs from all over North America and the world flocked to California, drawn by the promise of huge profits. Vermont native Henry Wells and New Yorker William G. Fargo watched the California economy boom with keen interest. Before either Wells or Fargo could pursue opportunities offered in the Western United States, however, they had business to attend to in the Eastern United States.
Ransom McCurdy Cook was an American banker who served as president of Wells Fargo Bank from 1960 to 1964.
Louis McLane Jr. was an American financier from a prominent Maryland family, who became a prosperous California forty-niner.
Isaias William Hellman was an American banker who served as president of the Union Trust Company and, briefly, of Wells Fargo Bank shortly before his death.
Frederick Louis Ehrman was an American banker who served as president, chief executive and chairman of Lehman Brothers.
References
- ↑ Loomis, Noel M. (1968). Wells Fargo. New York: Clarkson N. Potter, Inc.
- ↑ CNBC (October 12, 2016). "Video: Wells Fargo's New C.E.O. on Stumpf". The New York Times . Retrieved 10 March 2021.
- ↑ Corkery, Michael (April 1, 2014). "Wells Fargo Names New C.F.O." DealBook . Retrieved 10 March 2021.
- ↑ Flitter, Emily; Cowley, Stacy; Enrich, David (28 March 2019). "Wells Fargo C.E.O. Timothy Sloan Abruptly Steps Down". The New York Times . Retrieved 10 March 2021.
- ↑ Flitter, Emily (27 September 2019). "Wells Fargo Has a New Chief Executive. His Job Won't Be Easy". The New York Times . Retrieved 10 March 2021.