Wells Fargo bank was founded in New York City in 1852. Wells Fargo—one of the Big Four banks in the United States with Bank of America, Citigroup and JP Morgan Chase—is now headquartered in San Francisco, California.
The nickname “Wells Fiasco” appears to have been coined in a December 18, 2010 post on BeanSmart.com titled “Wells Fiasco Online Banking,” but this nickname has had infrequent use. Other Wells Fargo nicknames include “Hells Fargo” (cited in print since 1992) and “Wells Fargone” (cited in print since 1997).
Wikipedia: Wells Fargo
Wells Fargo & Company (NYSE: WFC) is an American multinational diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the US by assets and the second largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home mortgage servicing, and debit card. In 2007 it was the only bank in the United States to be rated AAA by S&P, though its rating has since been lowered to AA-[ in light of the financial crisis of 2007–2010.
The firm’s primary U.S. operating subsidiary is national bank Wells Fargo Bank, N.A., which designates its main office as Sioux Falls, South Dakota for legal purposes.
Wells Fargo in its present form is a result of an acquisition of California-based Wells Fargo & Company by Minneapolis-based Norwest Corporation in 1998. Although Norwest was technically the surviving entity, the new company renamed itself Wells Fargo, capitalizing on the 150-year history of the nationally-recognized name and its trademark stagecoach. Following the acquisition, the company transferred its headquarters to Wells Fargo’s headquarters in San Francisco and merged its operating subsidiary with Wells Fargo’s operating subsidiary in Sioux Falls.
In 2010 Wells Fargo had 6,335 retail branches (called stores by Wells Fargo), 12,000 automated teller machines, 280,000 employees and over 70 million customers. Wells Fargo operates stores and ATMs under Wells Fargo’s and Wachovia’s names.
Wells Fargo is one of the Big Four banks of the United States with Bank of America, Citigroup and JP Morgan Chase.
Wells Fiasco Online Banking
Posted by JMc on December 18, 2010, 1:00 pm
I was a happy Wachovia customer who is being frustrated by the Wells Fargo transition.
Fed’s Money Printing Brings Higher Oil, Food and Copper Prices
Posted by Dan Perrin
Wednesday, December 22nd at 5:37AM EST
Ann Coulter “Why You Can’t Trust Wall Street With Your Wealth”
leonidus2010 Friday, January 28th at 5:20PM EST
Maybe all patriotic Americans should cease doing business with un-American companies like JP Morgan Chase and CitiGroup (The Bank of the Royal Saudi Family), and other TARP welfare recipients like Government Sachs, Bank of Apartheid and Wells Fiasco.
Keep an Eye on Darrell Issa.
Posted by Josh LeGuern
Friday, January 7th at 2:09AM EST
Rep. Darrell Issa finally gets to investigate the Socialist TARP program!
leonidus2010 Saturday, January 29th at 1:34AM EST
Go Darell Issa!!
Rep Issa voted against TARP in 2008 along with some othe real conservatives to say NO to socialism and redistributing our money to Government Sachs (Goldman Sachs), JPMorgan Crooks (Chase),Saudi Group (Citi Group), Bank of Apartheid (BofA) and Wells Fiasco (Wells Fargo).
New York City • Banking/Finance/Insurance • (0) Comments • Monday, April 11, 2011 • Permalink