Wells Fargo Ramps Up Tech Banking Push
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Wells Fargo aims to increase its tech banking team by 10 more bankers this year, after adding 20 in 2024. This marks a significant milestone for the firm, reflecting its deepening focus on technology clients. The expansion comes as Wells Fargo overhauls its commercial banking business, which accounts for about 15% of its net revenue. The tech-banking team will continue to invest in the space, focusing on lending to tech companies in various ways.
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