4.0
31 Jan 2009
Current employee
Los Angeles, CA
Recommend
CEO approval
Business outlook
Pros
They are well-managed. They were not involved in any of the excessive debt and equity securities that caused the financial meltdown in 2008. Although during the mortgage boom time, every firm made huge fortune in mortgage backed securities and CDOs, Wells Fargo stayed away from those securities.
Cons
At the end, it's corporate America. With over 300,000 employees after Wachovia acquisition, really you're just a number in the company. Also, on retail banking side, some of the bankers are really not that knowledgeable. They don't know the basic financial terms and all they do is pushing products. They should be more selective with their employees.