Wells Fargo Related Content

United Rentals to Redeem 6.5% Senior Notes Due 2026

United Rentals’ subsidiary, United Rentals North America (URNA), intends to redeem all of the outstanding $1.1 billion principal amount of its 6.5% senior notes due 2026 on Aug. 10, 2020. read more

Wells Fargo Appoints Santomassimo CFO, Shrewsberry to Retire

Mike Santomassimo will join Wells Fargo in fall 2020 as CFO. Santomassimo will report to Charlie Scharf, CEO of Wells Fargo, and serve on the company’s operating committee. Santomassimo will succeed John Shrewsberry, who plans to retire. read more

Wells Fargo Names Williams III Head of Strategy, Digital and Innovation

Ather Williams III will join Wells Fargo in October 2020 as head of strategy, digital and innovation. Williams will join Wells Fargo from Bank of America, where he worked for nine years and most recently served as head of business banking. read more

Wells Fargo Names Ninonuevo and Place COO, CFO for EMEA Region

Wells Fargo named Lola Ninonuevo chief operating officer and added Richard Place as chief financial officer for the Europe, Middle East and Africa region. read more

Wells Fargo Launches $400MM Small Business Recovery Effort

Wells Fargo unveiled details of an approximately $400 million effort to help small businesses impacted by the ongoing COVID-19 pandemic remain open, retain employees and rebuild. read more

Wells Fargo Expects Deep But Short Recession, Recovery in H2/20

According to the Wells Fargo Investment Institute’s 2020 midyear outlook, there will be a deep but short recession and a gradual U.S. economic recovery beginning in the second half of 2020. read more

Extraction Oil & Gas Files for Chapter 11, Wells Provides $125MM DIP Facility

Extraction Oil & Gas has voluntarily filed for petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Wells Fargo has underwritten a $125 million DIP financing facility, subject to Court approval.  read more

ELFA Webinar: Accounting Insights for COVID-19 Lease & Loan Modifications

ELFA’s webinar addressed modification accounting, application of FASB COVID-19 related relief and operational considerations when modifying contracts. read more

Wells Fargo Appoints Reen & Juliano as New Corporate Risk Leaders

Wells Fargo appointed two new Corporate Risk leaders, Kevin Reen and Bill Juliano, to provide greater oversight of all risk-taking activities and a more comprehensive view of risk across the company. read more

Wells Fargo, NGLCC Launch Capacity Development Program for LGBT Entrepreneurs

Wells Fargo and the National LGBT Chamber of Commerce launched the XLR8 Program to help LGBT entrepreneurs grow in a highly competitive market. read more

Wells Fargo Provides $900K to Cleantech Startups Impacted by COVID-19

The Wells Fargo Innovation Incubator accelerated its awards program to provide $900,000 to cleantech and sustainable agriculture startups impacted by COVID-19. read more

Wells Fargo Taps Hurst to Lead Corporate Responsibility, Philanthropy & Sustainability

Wells Fargo selected Nate Hurst to oversee a newly combined organization that includes Corporate Responsibility, Philanthropy, Community Relations, and Sustainability. He will also serve as president of the Wells Fargo Foundation. read more

Wells Fargo Names Mehta & Kumar Technology Leadership CIOs

Wells Fargo named Chintan Mehta CIO, head of Digital Technology & Innovation, and Munish Kumar CIO, head of Wealth & Investment Management Technology. read more

Wells Fargo Sponsors WBENC Education Program for Women-Owned Businesses

The WBENC Executive Education Program sponsored by Wells Fargo is a new executive education program to support women-owned businesses. read more

Wells Fargo Receives ‘Outstanding’ Community Reinvestment Act Rating

Wells Fargo Bank received a rating of “Outstanding” in its most recent Community Reinvestment Act Performance Evaluation. read more

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