Wells Fargo hires tech investment bankers

Wells Fargo & Company has bolstered its technology investment banking division by recruiting three experienced bankers from rival institutions, including Citigroup Inc., Bank of America Corp., and Deutsche Bank AG. This strategic hiring initiative underscores Wells Fargo's commitment to expanding its presence and capabilities within the technology sector. The new hires are expected to bring valuable expertise and client relationships, enhancing the bank's ability to advise technology companies on mergers, acquisitions, and capital-raising activities. This move signals a competitive push among financial institutions to capture a larger share of the lucrative tech banking market.