12.04.24

Wells Fargo To Sell San Francisco Headquarters

by: Gina Heeb; Craig Karmin

Wells Fargo is set to sell its San Francisco headquarters, part of a broader shift in the bank’s power base to the East Coast. The bank has about 23,000 employees in California, about 10% of its overall workforce. Wells Fargo has increased its presence in New York under Chief Executive Charlie Scharf, who is also based there and has sought to build out the investment bank. In late 2023, Wells Fargo announced plans to expand its footprint in Hudson Yards.

Read the full article on The Wall Street Journal