Wells Fargo Related Content

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

Wells Fargo Promotes Friesth to Central Division Manager

Wells Fargo promoted veteran commercial banker Grant Friesth to head the Central Division for Middle Market Banking. read more

Wells Agents Revolver for Popeyes Before Sale to Burger King

On February 15, Popeyes Louisiana Kitchen amended its credit agreement with Wells Fargo as administrative agent, providing a $150 million revolver expansion. On February 21, Restaurant Brands International, the parent company of Burger King, purchased Popeyes for $1.8 billion. read more

Wells Fargo Terminates Four Execs Based on Investigation

Wells Fargo terminated four current or former senior managers based on its board of directors’ ongoing independent investigation into the company’s retail banking sales practices and related matters. read more

Wells Fargo Names Two New Independent Directors

The board of directors of Wells Fargo elected Karen B. Peetz, retired president of The Bank of New York Mellon, and Ronald L. Sargent, retired chairman and CEO of Staples, as new independent directors. read more

Ares Agents ABL Revolver Upsize for OnDeck Asset Funding

OnDeck Funding, a subsidiary of OnDeck Capital, amended its existing ABL revolver that provides for an increase in lenders’ commitment from $100 million to $150 million. Ares Agent Services served as administrative agent. read more

Macquarie Agents $200MM Bristow Facility

Bristow U.S., a subsidiary of Bristow Group, entered into a $200 million term loan credit agreement with Macquarie Bank as administrative agent and security agent. read more

Wells Fargo Names Amin Regional President for Asia Pacific

Wells Fargo named Jafar Amin regional president for its Asia Pacific region, succeeding Jim Johnston who served as interim regional president. Amin is also now head of Global Financial Institutions for the region. read more

Wells Fargo Announces New Structure for International Business

Seeking to better align its international banking services with the customers they serve, Wells Fargo announced its International Group will be integrated into other Wholesale Banking business lines. read more

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