Wells Fargo’s San Francisco headquarters houses no member of its ‘senior leadership team’ - San Francisco Business Times

near Dallas to accommodate up to 4,000 workers. The bank told me this week, “Wells Fargo is not moving its San Francisco headquarters.”

That’s little solace considering the bank’s diminishing presence in San Francisco, especially when it comes to its corporate leadership. The CEO and much of his leadership team is based in New York, while a handful of the senior leadership team members are located in Charlotte, Wells Fargo’s largest employment center.

Wells' employee base in San Francisco County fell almost 20% in one year, dropping to 5,899 in 2021 from 7,021 in 2020, the bank said in January. The bank cited increased efficiencies as one factor in the drop. Despite growing concern that San Francisco could lose the prestige and status that comes with Wells Fargo’s headquarters, the Bay Area continues to be an important market for Wells.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wells Fargo to build regional corporate campus in Irving - San Francisco Business TimesAfter years of speculation and a handful of recent happenings, Texas Gov. Gregg Abbott's office confirmed the plan. Here are the details.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

Real estate investment trusts haven’t worked as a defensive bet this year. Why REITs might continue to underperform, according to Wells FargoInvestors often view real estate investment trusts as a defensive asset in a sinking stock market, but REITS are struggling in 2022 as investors look for...
Source: MarketWatch - 🏆 3. / 97 Read more »