<p>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.</p><br><p>Clips from, CNN, CBS News, CNBC, CNN, HBO, KPIX, KRON4, NBC News, Wells Fargo</p><br><p>The FT does not use generative AI to voice its podcasts.</p><br><p>- - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp;</p><br><p><strong>For further reading:</strong></p><p><a href="https://www.ft.com/content/f5ac8471-184e-4425-bd4e-8c2d0197c3d7" rel="noopener noreferrer" target="_blank">Wells Fargo wants to be taken seriously as an investment bank. Will it succeed?</a>&nbsp;</p><p><a href="https://www.ft.com/content/d2753189-89d0-495f-9490-345d47412615" rel="noopener noreferrer" target="_blank">Wells Fargo has finally shed its dunce cap</a></p><p><a href="https://www.ft.com/content/f82583ba-03ec-4cca-9560-a7a2e1d55574" rel="noopener noreferrer" target="_blank">Netflix leans on $59bn bank loan to fund Warner Bros takeover</a>&nbsp;</p><br><p>- - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp;</p><br><p>Follow Joshua Franklin on X (<a href="https://x.com/ftjfranklin" rel="noopener noreferrer" target="_blank">@ftjfranklin</a>). Akila Quinio is on X (<a href="https://www.ft.com/akila-quinio" rel="noopener noreferrer" target="_blank">@akilazoe</a>). <a href="https://www.ft.com/michela-tindera" rel="noopener noreferrer" target="_blank">Michela Tindera</a> is on X (<a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank">@mtindera07</a>) and Bluesky (<a href="https://bsky.app/profile/mtindera.ft.com" rel="noopener noreferrer" target="_blank">@mtindera.ft.com</a>), or follow her on LinkedIn for updates about the show and more.&nbsp;</p><br><p><a href="https://www.ft.com/content/fb4ceda7-cb58-4160-a2dc-eae488f36754" rel="noopener noreferrer" target="_blank"><strong>Read a transcript of this episode on FT.com</strong></a></p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>