NOT FOR REPRINT
Wells Fargo to Expand Into Clearing the $3.9T-a-Day Options Market
News December 22, 2025 at 02:54 PM
Share & Print
What You Need To Know
- The fourth-largest U.S. lender wants to build a bigger presence on Wall Street by taking on BofA and Goldman Sachs.
- Wells Fargo began exploring options clearing earlier this year, and has already had a flurry of client interest in the offering, one executive says.
- CEO Charlie Scharf marked the firm’s investment-bank business for growth shortly after taking the helm in late 2019.
Immediate Answers to Critical Tax Questions At Your Fingertips
Keep up with the latest tax rules and regulations with weekly, exclusive updates by our Tax Facts experts.
Get More InformationRecently Added Q&As
Recently Updated Q&As
What is the temporary “senior deduction” deduction for taxpayers age 65 and over?
Get Answer
Recently Updated Q&As
What is the temporary deduction for auto loan interest?
Get Answer
Recently Updated Q&As
What is the temporary deduction for overtime income?
Get Answer
Recently Updated Q&As
What is the temporary deduction for tip income?
Get Answer
Recently Updated Q&As
What is a high deductible health plan for purposes of an HSA?
Get Answer
Recently Updated Q&As
Are remote workers eligible for leave under the Family and Medical Leave Act (FMLA)?
Get Answer
Recently Updated Q&As
Who must file a return?
Get Answer
Recently Updated Q&As
Can a taxpayer deduct business-related transportation expenses incurred when the taxpayer is not travelling away from home on business?
Get Answer