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Wells Fargo was close behind with 92 closures, followed by 90 closures on Chase's part. ... For example, if you’re setting up multiple accounts or are doing a multi-step transfer of funds, you ...
Wells Fargo closing Downtown branch, leaving uncertain future for bank's name emblazoned atop 21-story skyscraper. ... While the branch is permanently closing at 11 a.m., Jan. 22, Wells Fargo is ...
The closing of a Raleigh Wells Fargo location comes after the bank closed hundreds of branch locations last year.
The bank was renamed in the mid-1980s after a series of mergers. After being acquired by First Union Corporation, which later also acquired Wachovia National Bank to become Wachovia Corporation, CoreStates Financial Corporation became a part of Wells Fargo in 2008 when Wachovia (formerly known as First Union) was acquired by that company.
Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]
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