Wells Fargo’s Tech Evolution Under Bridget Engle’s Leadership
For seven years, Wells Fargo lived with handcuffs. The 2018 Federal Reserve imposed asset cap froze the bank’s assets at ~$1.95 trillion, punishing it for governance and risk failures. While peers like Bank of America and PNC expanded balance sheets by 40%, Wells was flatlining. The cap slowed hiring, clouded strategy, and forced Wells to fix […]
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