WELLS FARGO: 160th Anniversary: Wells Fargo History / 160th Anniversary: On March 18, 1852, in New York City, Henry Wells, William Fargo and others signed articles of association for a joint stock company to do a banking and express business in distant California. Rushing for gold and silver in the West, overland by pony and stagecoach, offering “Ocean-to-Ocean” service by 1888 Wells, Fargo & Co. grew with the nation and is part of American History.
Wells Fargo bank made 2 million fake credit card accounts. The scandal made the bank owe a fine of $185 million. They fired 5,300 employees involved in improper sales, and the company is now working hard to get back the $124 million in stocks.