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Wachovia Preferred Funding Corp Wells Fargo Form

Wachovia Preferred Funding Corp Wells Fargo Form

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Wells Fargo is one of the oldest and most powerful banks in the United States. As of 2022, the bank has nearly $2 trillion in its hands, ranking fourth in commercial banking nationwide. But since 2018, Wells Fargo's growth has stalled out, with a hard cap on its assets ordered by the Federal Reserve. They're capped at something close to 2 trillion in terms of its balance sheet. That cap on growth came after reports of fraud at the bank emerged in the 2010s. We all know about Wells Fargo's account scandal. As this scandal has come to light, Wells Fargo has paid billions of dollars in fines and sent numerous executives out the door. Today, the bank is led by CEO Charles Scharf, a protege of JPMorgan's Jamie Dimon. I was brought in to bring about substantial change at Wells Fargo, and we have made tremendous changes. Various parts of the government are still investigating this iconic bank, including offices for consumer protection, securities, workplace saf

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