The Wells Fargo Investment Company (WFCI) was founded in 2007 as a private investment firm.
It was created to make it easier for customers to invest in the financial industry, but as it got bigger, it became a major player in the mortgage and credit card markets.
As of July 2020, Wells Fargo had more than $2.4 trillion in assets under management.
In addition to being the largest mortgage broker, Wells has also been involved in a number of other investments, including stock purchases, bonds and mutual funds.
In 2016, Wells announced plans to buy up to $400 billion worth of shares in Wells Fargo & Harlan Corp., the largest bank in the United States.
Wells Fargo also announced plans in December 2020 to buy a stake in U.S. Bank, the nation’s largest bank.
In a statement, Wells said it would use the funds to expand its investment activities and “continue to support Wells Fargo with investment opportunities.”WFCIs $400B plan includes the purchase of at least $300 billion worth, which would make Wells Fargo the largest private equity firm.
Wells is also the second largest bank by assets.
The bank’s stake in Wells has been used in the past to buy and sell stock, but the company also announced in December that it would begin buying up to a combined $400 trillion in shares in the next six months.
Wells currently owns about 12.8% of Wells Fargo shares.
A few months ago, Wells also announced that it planned to buy out its $4.6 billion stake in Bank of America.
Wells bought the bank in 2017 for $19 billion.WFCs investments in the housing market have been controversial.
Wells has taken a heavy investment in mortgage finance companies and has had to defend itself against accusations of bias and mismanagement in the lending industry.
Wells was the biggest U.K. mortgage lender at the time of the housing bubble.
In the past year, Wells began buying up properties, particularly in Chicago, and it has become a favorite for developers and homeowners looking to build affordable housing.
The housing market is still fragile and many people still are struggling to get a mortgage, and Wells Fargo is no exception.
It has been struggling to keep up with demand, and as a result, it has struggled to keep the loan rates it offers to low.
The bank has also struggled to raise cash to cover its expenses.
Worse, the bank is facing growing scrutiny over whether it has been too quick to cut back on its mortgage lending.
In July 2020 it was reported that Wells Fargo was cutting off some mortgage loans to customers who had a higher balance, an action that was criticized as a bailout measure.
The move also came as Wells was being sued by more than 50 mortgage servicers over alleged fraud.