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18/03/1852 Wells Fargo is founded as a shipping company

5:07

Wells Fargo - History, Mission and Values

0:50

Wells Fargo & Company celebrates 160th anniversary and rings the NYSE Closing Bell

7:17

Wells Fargo Scandal: 5 Things you Need to Know!

2:27

Where we live: Wells Fargo's history in Portland

Henry Wells and William Fargo joined with a number of other investors, in order to fill the gap in cross-country shipping. The company originally specialized in shipping from the East Coast to mining camps around northern California. In later years, it developed into an international banking and financial services company.
    • Essentials 

    • Wells Fargo History Museums 

    • Key dates 

    • Wachovia acquisition 

    • History of Wells Fargo Securities 

    • Operations and services 

    • Community banking 

    • Consumer lending 

    • Student loans 

    • Equipment lending 

    • Wealth and investment management 

    • Asset Management 

    • Securities 

    • Cross-selling 

    • International operations 

    • Charter 

    • 1981 MAPS Wells Fargo embezzlement scandal 

    • Higher costs charged to African-American and Hispanic borrowers 

    • Failure to monitor suspected money laundering 

    • Settlement and fines regarding mortgage servicing practices 

    • SEC fine due to inadequate risk disclosures 

    • Lawsuit by FHA over loan underwriting 

    • Lawsuit due to premium inflation on forced place insurance 

    • Lawsuit regarding excessive overdraft fees 

    • Tax avoidance and lobbying 

    • Prison industry investment 

    • SEC settlement for insider trading case 

    • Wells Fargo fake accounts scandal 

    • Racketeering lawsuit for mortgage appraisal overcharges 

    • Dakota Access Pipeline investment 

    • Failure to comply with document security requirements 

    • Connections to the gun industry and NRA 

    • Auto insurance 

    • CEO-to-worker pay ratio