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Reuters

Reuters

Technology

Technology

Wells Fargo says tech banking team grew by 20% over past year

Reuters
Summary
Nutrition label

82% Informative

Wells Fargo's technology banking unit increased its headcount by 20% over the past year .

Tech stocks have grown exponentially in the past two years , with 2023 being a banner year for the sector.

The use of artificial intelligence has also boosted attention towards the sector, with venture funding firms keen on financing companies leveraging the technology.

Wells Fargo CEO Charlie Scharf sounded a warning that U.S. tariffs risk slowing economic growth.

VR Score

93

Informative language

99

Neutral language

78

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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