Wells Fargo Challenges Statement on Archegos | Business & Finance

“We experienced a primary brokerage relationship with Archegos. We were being perfectly collateralized at all situations in excess of the last week and no for a longer time have any publicity. We did not experience losses associated to closing out our exposure.”

Wells Fargo & Company (NYSE: WFC) is a diversified, local community-primarily based monetary services firm with $1.92 trillion in assets. Wells Fargo’s eyesight is to fulfill our customers’ fiscal wants and support them thrive monetarily. Established in 1852 and headquartered in San Francisco, Wells Fargo gives banking, investment decision and home finance loan goods and expert services, as very well as shopper and business finance, by means of 7,200 places, a lot more than 13,000 ATMs, the net (wellsfargo.com) and mobile banking, and has offices in 31 nations and territories to help buyers who carry out business enterprise in the world-wide financial state. Wells Fargo serves one in a few households in the United States. Wells Fargo & Enterprise was ranked No. 30 on Fortune’s 2020 rankings of America’s greatest firms. News, insights and perspectives from Wells Fargo are also obtainable at Wells Fargo Tales.

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PUB: 03/30/2021 11:00 AM/DISC: 03/30/2021 11:00 AM