Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank. read more

MAR 20, 2023 - 7:22 am

Wells Fargo released its 2023 Construction Industry Forecast survey. The results suggest a level of cautious optimism prevailing among non-residential contractors and distributors, with the non-residential construction industry maintaining a hopeful long-term outlook for 2023. read more

FEB 17, 2023 - 7:11 am

Wells Fargo launched an emerging middle-market (EMM) segment within its Metro New York commercial banking team. The new segment will be led by Alicia Iskhakova in New York City and John DeSclafani in New Jersey. read more

DEC 16, 2022 - 6:50 am

Wells Fargo promoted Adam Kleinman to commercial banking division sales executive for the Metro New York and New Jersey region. This move further bolsters the bank’s presence in New York City, Long Island and New Jersey. Kleinman's new role will become effective on Dec. 5.  read more

NOV 9, 2022 - 7:16 am

Wells Fargo named Kristy Fercho head of diverse segments, representation and inclusion. Fercho will succeed Kleber Santos, Wells Fargo’s current CEO of consumer lending. read more

NOV 2, 2022 - 7:11 am

Wells Fargo named George Rusnak as head of the managed solutions and investment implementation team in the bank's wealth and investment management division’s investment solutions center of excellence. read more

OCT 18, 2022 - 6:56 am

Wells Fargo named Mary Katherine DuBose the head of the bank’s secured lending division, which includes asset-based lending, equipment finance, supply chain finance and inventory finance. Previously, DuBose was Wells Fargo’s chief credit officer. read more

JUL 21, 2022 - 7:35 am

Wells Fargo appointed Kleber Santos CEO of consumer lending, effective immediately. Santos will lead all aspects of Wells Fargo’s consumer lending business, including home lending, auto, credit cards and merchant services and personal lending. read more

JUL 12, 2022 - 7:22 am

Wells Fargo named Amy Bonitatibus chief communications and brand officer, effective Sept. 12. Bonitatibus will join Wells Fargo from Chase, the retail arm of JPMorgan Chase, where she served as chief communications officer. read more

JUN 8, 2022 - 7:38 am

Wells Fargo promoted Paul Ricci to chief auditor, effective immediately. Ricci joined Wells Fargo in December 2019 as the chief audit director of corporate risk and capital management. read more

MAY 18, 2022 - 7:11 am

Wells Fargo formed six businesses within its corporate and investment bank’s (CIB) markets group, effective immediately. The leaders of each business line will report directly to Mike Riley and Dan Thomas, co-heads of markets for Wells Fargo. read more

MAY 6, 2022 - 7:32 am

John Crum

Zero emission commercial electric vehicles are here, and more are on the way with market share gains coming faster and higher than you would expect. According to a recent report titled “Charging Forward” by ACT Research, electric powered vehicles could... read more

April 2022

Tim O’Hara will join the corporate and investment bank at Wells Fargo on May 9 as head of banking. In addition, Rob Engel, who has led banking since 2014 and joined Wells Fargo in 2005, will assume the new role of chairman of banking. read more

APR 19, 2022 - 7:11 am

The COVID-19 pandemic has brought a variety of changes to the asset management industry over the last two years. Monitor checks in with two asset managers who discuss the impact of supply chain and manufacturing disruptions as well as changes to the equipment sales market. ... read more

Jan/Feb 2022

According to Wells Fargo’s 2022 construction industry forecast, there is renewed optimism among nonresidential contractors and distributors for increasing profits and new equipment sales in the year ahead. read more

JAN 19, 2022 - 6:23 am