Tim Ruby brings decades of mission-driven finance experience to support commercial banking clients across critical social sectors. He succeeds Bill Morgan, who retired after a distinguished 40-year career in financial services. read more

JUL 11, 2025 - 1:35 am

The i2i Logic Client Intelligence Platform will be implemented by Wells Fargo Commercial Banking to drive a personalized experience for its clients. read more

JUN 19, 2025 - 2:08 am

Wells Fargo confirmed that the Board of Governors of the Federal Reserve System has determined that Wells Fargo has met all conditions required to remove the limits on growth in total assets imposed in its 2018 consent order. read more

JUN 4, 2025 - 6:20 am

Wells Fargo Equipment and Vendor Finance welcomed Matt LeSage to its Vendor Finance team to help lead the group’s focus on profitable growth. read more

FEB 19, 2025 - 5:54 am

Partnering with Q2, a provider of digital transformation solutions for financial services, Wells Fargo has launched a commercial banking platform designed to improve bankers’ ability to serve commercial clients and increase collaboration and efficiency. read more

FEB 10, 2025 - 5:44 am

Jon Weiss, co-CEO of corporate and investment banking at Wells Fargo, has informed the company of his intention to retire. Weiss, who has been with Wells Fargo for nearly 20 years, will step down as co-CEO effective immediately and will formally retire on June 1, 2025. read more

FEB 3, 2025 - 5:50 am

Wells Fargo Equipment and Vendor Finance promoted two leaders: Ben McCarrick as head of equipment and vendor finance underwriting, and James Schulte as managing director, currently leading the market coverage originations team for equipment finance. read more

JAN 28, 2025 - 5:52 am

Wells Fargo closed 2024 with a strong fourth quarter, reporting a $5.1 billion net income and a 47% year-over-year earnings increase. Asset-based lending and leasing revenue declined 12% year over year to $1.03 billion, reflecting softer demand and tighter spreads. read more

JAN 16, 2025 - 5:52 am

Monitor examines investment in various equipment types and charts the top equipment finance companies serving each industry sector in a new ranking report.... read more

Sept/Oct 2024

Wells Fargo’s Quarterly Commercial Banking Sentiment Study revealed a cautious optimism among commercial businesses. Despite economic challenges, over half of the surveyed companies plan to prioritize growth if interest rates decrease in the coming months. read more

OCT 30, 2024 - 6:24 am

Wells Fargo named Elena M. Gallo as government banking division executive. Gallo, a 35-year financial services veteran, succeeds Mara Holley, who is retiring after leading government banking since 2015. Gallo is based in New York. read more

OCT 10, 2024 - 6:11 am

Volkswagen Financial Services and Wells Fargo entered a multi-year co-branded agreement under which Wells Fargo will be the preferred purchase financing provider for the Volkswagen, Audi and Ducati brands in the U.S. market. read more

SEP 17, 2024 - 6:11 am

The Equipment Leasing and Finance Association (ELFA) July MLFI report shows new business volume is up 13% year over year. read more

AUG 23, 2024 - 6:25 am

Wells Fargo appointed Bridget Engle as Senior Executive Vice President (SEVP) and Head of Technology, reporting to Wells Fargo CEO Charlie Scharf and joining the company’s operating committee, effective August 12, 2024. read more

JUL 31, 2024 - 6:13 am

With a solid track record at industry giants like GE Capital and Wells Fargo, Scott Dienes stepped out of his comfort zone to launch a de novo equipment finance division for Associated Bank. His team works hand in hand with bank colleagues to create opportunities for customers.... read more

Monitor 100 2024