Conduct an Internet search to obtain current information about the activities of the Wells Fargo Company. What
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Conduct an Internet search to obtain current information about the activities of the Wells Fargo Company.
“What are current rates for a commercial line of credit?” “How can we best collect funds from our overseas customers?” These are some of the questions that commercial and international banking experts at Wells Fargo attempt to answer each day.
Started in 1852, today Wells Fargo is the fifth largest bank in the U.S., with about 3,000 branch offices and another 1,000 home mortgage stores.
When the company opened for business in San Francisco and Sacramento, California, buying and selling gold was a major focus. Between 1852 and 1918, Wells Fargo used a variety of transportation modes to move gold. These included the Pony Express, stagecoaches, steamships, railroads, and motor vehicles.
Today, the banking services of Wells Fargo are aimed at business customers that have revenues of $10 million or more. The main focus of commercial banking is credit. Wells Fargo provides loans to companies for a variety of purposes. This core product of lending is used to cross-sell other services, such as managing depository needs, coordinating stock transfers, and creating letters of credit for international payments.
Working with corporate clients requires developing strong relationships.
Wells Fargo employees serve their customers by servicing new loans, assisting with fund transfers, documenting legal requirements, and suggesting risk management strategies. These activities require staff teams to support several large corporate clients in a geographic region.
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