Wells Fargo Related Content

Asset-Backed Securities: A Critical Tool in the Equipment Finance Market

Wells Fargo Securities’ Kevin Ryan provides an overview of the equipment-backed ABS market. Thanks to its performance history and value spread, equipment lenders will continue to have to access this market, which bodes well for the industry at large, especially independents, captives and large cap finance company subsidiaries.... read more

Wells Fargo Names Business Banking Head for New OH & Western PA Region

Wells Fargo named Don Hayes as Head of Business Banking for New Ohio & Western Pennsylvania Region. Wells also announced Keith Alves was named business banking manager for its new operations in Pittsburgh. read more

Wells Fargo Names New Head of Middle Market Banking in Nevada

Wells Fargo Middle Market Banking named Denette Suddeth to lead its continued growth in Nevada. Suddeth succeeds former Region Manager Phil Horrell who was promoted to market executive. read more

Wells Fargo Lease Financing H1/17 Average Balances Up 12%

Wells Fargo reported lease financing average balances of $19.06 billion in H1/17 were up 12.1% from $17.0 billion for the same period a year earlier. The average yield of 4.88% compared to 4.95% in H1/16. read more

Wells Fargo Inks Program Agreement With Doosan Fuel Cell America

Doosan Fuel Cell America established a strategic alliance with Wells Fargo Vendor Financial Services to expand its business in the U.S.  read more

Wells Fargo Hires BofA Exec to Lead Community Segments Team

Andrew Rowe was selected as head of Wells Fargo’s Community Banking Customer Segments team. Rowe will join from Bank of America where he most recently served as a consumer risk executive. read more

Wells Fargo Names Regional VP, Dallas Middle Market Leadership Team

Wells Fargo named 16-year company veteran Brendon Riley to its Dallas Middle Market Banking leadership team as regional vice president. read more

Wells Fargo: Small Business Optimism Holds Steady in Q2/17

Small business optimism held onto recent gains in Q2/17, according to the latest findings from the Wells Fargo/Gallup Small Business Index. read more

Maxim Crane Works to Acquire Coast Crane

Maxim Crane Works entered into a stock purchase agreement to acquire Coast Crane. To support the acquisition, Coast entered an amendment to its credit agreement with Wells Fargo as agent. read more

Wells Fargo Shares Advance on News of $5MM Stock Buy

Recent SEC filings revealed Wells Fargo’s chief executive, Timothy Sloan and chairman Stephen Sanger bought a combined 97,342 shares of stock at a per share price of $51.65. Following the news, shares were trading over 2% higher and closed at $52.65 on April 17, 2017. read more

Wells Fargo Q1 Lease Financing Balances Up 26.7% Year/Year

Wells Fargo reported its lease financing average balances of $19,070 million in Q1/17 were up 26.7% compared to $15,047 million for the same quarter a year earlier. read more

David Marks to Lead Wells Fargo Capital Finance

David Marks was named head of Wells Fargo Capital Finance. Marks succeeds Guy Fuchs, who left the company in March. read more

Former CFA Head Trojan Charges Whistleblowing Caused Firing

The Huffington Post reported that former CFA Executive Director Robert Trojan has filed a lawsuit against the CFA and Wells Fargo, charging that he was fired after reporting a conflict of interest between Wells and the bank’s auditors, Freed Maxick to CFA president, Andrea Petro. read more

Reuters: Wells Fargo to Face Litigation on Defective Mortgages

Reuters reported Wells Fargo must face litigation seeking to hold it responsible for billions of dollars of claimed investor losses stemming from its alleged failures as a trustee overseeing risky RB securities. read more

BMO Harris Agents Rush Enterprises’ $100MM Revolver

Rush Enterprises entered into a $100 million revolver credit agreement with a group of banks led by BMO Harris serving as administrative agent. read more

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