Based in United States, Wells Fargo is one of the largest financial services and multi-national banking services providers in the country, both in terms of assets and market capitalization. The Wells Fargo that you know today is a merger between Norwest Corporation and Wells Fargo in 1998, and acquisition of Wachovia in 2008. Wells Fargo has been operational in 35 countries across the globe, with more than 70 million individual and business customers. They have over 9000 bank branches and 12000 ATM machines in the US and the Columbia district.
The company has more than 2000 independent mortgage branches across the US, and 25% of home loans originate from here only. In 2012, the company reached around 30% of the US mortgage market share.
These operations aim at lending, mutual funds, investment banking and treasury management services to middle and large scale companies in the market. Asset based lending is one of the most notable services of the company, under which they offer finance to large enterprises using inventory and receivables as collateral.