<h1 style="box-sizing: border-box; margin: 0px; font-weight: 500; line-height: 1.5; font-size: 2.4em; font-family: Poppins, sans-serif; color: var(--iq-title-text); letter-spacing: 1px; background-color: #ffffff;">Wells Fargo &amp; Company</h1>
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<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">Founded in 1852, Wells Fargo &amp; Company is a multinational financial services company operating in the United States and abroad. The company provides consumer and commercial finance, diversified banking products, and risk management services. The company serves more than 70 million customers worldwide. In addition to its retail operations, Wells Fargo also provides insurance, investment advisory services, and mortgage financing. The company's headquarters are located in Manhattan, New York. It has managerial offices across the U.S. and is considered a systemically important financial institution by the Financial Stability Board.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">The company is divided into three segments: Wholesale Banking, Private Banking, and Commercial Banking. The company's wholesale banking division provides banking products and services to commercial and industrial enterprises, including commercial real estate, asset-backed securities, and credit risk. The private banking segment provides services to high-net-worth individuals, and the commercial banking division focuses on the financial needs of the United States and global businesses.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">The bank's products include checking and savings accounts, CDs, IRAs, and commercial loans. The company offers retirement planning, investment advice, and credit cards. The bank also provides payment processing and merchant services. In addition to its retail and commercial banking services, Wells Fargo offers insurance products, including life and disability insurance, and annuities.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">The company provides its financial products to consumers through its branches and agents. It has 4,800 branches in 39 states. The majority of its branches are located in California, Florida, Virginia, Texas, and New Jersey. In addition to its retail locations, the company has more than 12,000 automated teller machines. The company's website, wellsfargo.com, is not endorsed by the company. The website does not provide information about the company's privacy or security policy.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">The company recently entered into a settlement agreement with the U.S. Attorney's Offices in the Central District of California and the Western District of North Carolina. The settlement was reached as a result of the illegal practice of secretly opening bank accounts for existing customers. The employees used fake personal identification numbers and transferred the money to these fake accounts. This practice was found to have a negative impact on the customer's financial situation. The company was fined $100 million for this misconduct. The company will not be prosecuted for three years in return for the settlement.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">In addition to its retail operations, the company has a large number of partnerships. It has a relationship with the National Gay and Lesbian Chamber of Commerce, and has a presence in the Hispanic community. It has also joined a data-sharing partnership with software firm Xero. The bank has also partnered with the Women's Business Enterprise National Council. The company has also agreed to provide remittance services to Bank De Oro Unibank.</p>
<p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; color: #585858; font-family: Poppins, sans-serif; letter-spacing: 1px; background-color: #ffffff;">The company has a network of more than 6,000 branches in the US and overseas. The branch network is divided into six regions: North Carolina, Pennsylvania, New Jersey, Virginia, Texas, and California. The company's financial services are provided through a combination of phone calls, in-person visits, and digital transactions.</p>