For more than 170 years, Wells Fargo built a reputation as an all-American Main Street lender. Now, it is charting a new path and pushing into investment banking, something that many other banks have tried and failed to do. The FT’s US banking editor Joshua Franklin and US banking correspondent Akila Quinio discuss what Wells Fargo does — and doesn’t have — going for it as it pursues this strategy.

Clips from, CNN, CBS News, CNBC, CNN, HBO, KPIX, KRON4, NBC News, Wells Fargo

The FT does not use generative AI to voice its podcasts.

- - - - - - - - - - - - - - - - - - - - - - - - - -

For further reading:

Wells Fargo wants to be taken seriously as an investment bank. Will it succeed?

Wells Fargo has finally shed its dunce cap

Netflix leans on $59bn bank loan to fund Warner Bros takeover

- - - - - - - - - - - - - - - - - - - - - - - - - -

Follow Joshua Franklin on X (@ftjfranklin). Akila Quinio is on X (@akilazoe). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Can Wells Fargo make it in investment banking?