Red tape may have put public construction projects on hold this year, but a surge in private spending drove an overall increase in construction activity. Wells Fargo’s John Crum examines this and other key industry observations including the rental market, new equipment sales, used equipment prices and the effects of hurricane season. Looking ahead to 2018, he predicts it could be another great year for construction if this year’s pattern holds.... read more

November/December 2017

The board of directors of Wells Fargo elected three new independent directors as part of its succession planning and refreshment process. The three new directors, Celeste A. Clark, Theodore F. Craver and Maria R. Morris, will join the board on January 1, 2018. read more

NOV 30, 2017 - 7:03 am

In a news release, Wells Fargo strongly disputed the characterization of its foreign exchange pricing as being unfair and unfavorable to its customers, as alleged in a story published by the Wall Street Journal. read more

NOV 29, 2017 - 7:39 am

Wells Fargo announced Franklin Codel, a senior executive vice president and head of Consumer Lending, was dismissed from the company, effective immediately. read more

NOV 20, 2017 - 7:11 am

Statistical data for the lift truck equipment market provided by EDA showed the top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 764 new lift truck related filings during the month of September 2017. read more

NOV 8, 2017 - 7:01 am

Following the largest increase in a decade, small business optimism held steady in Q4/17, according to the latest Wells Fargo/Gallup Small Business Index. read more

NOV 6, 2017 - 6:45 am

Wells Fargo named Steve Sloan head of Middle Market Banking for Northern California. Sloan succeeds Rohan Kalbag, who was promoted to Middle Market Banking chief risk officer. read more

NOV 2, 2017 - 7:01 am

Wells Fargo reported lease financing average balances for the first nine months of 2017 were $19.1 billion, up 8.5% from $17.6 billion a year earlier. The YTD yield of 4.78% was down from 4.86% in 2016. read more

OCT 16, 2017 - 7:59 am

Wells Fargo named Mike Roemer chief compliance officer. Roemer, a 27-year financial services veteran, most recently served as group head of compliance for Barclays. read more

OCT 13, 2017 - 7:05 am

The culture of a company — the invisible force that determines vision and values — will ultimately determine its success or failure. Dexter Van Dango embarks on an expedition to uncover the power of culture. He examines recent cultural breakdowns that made headlines and shares insights from equipment finance leaders on the impact of corporate culture on their organizations.... read more

September/October 2017

A federal judge ruled that a shareholder lawsuit will be necessary against Wells Fargo CEO Tim Sloan and other executives of the company in connection with a fake account opening scandal. read more

OCT 9, 2017 - 6:43 am

DBRS downgraded the long-term ratings for Wells Fargo, including the company’s long-term issuer rating to AA(low) from AA. DBRS said the bank remains among the highest rated banks reflective of its highly scaled and diversified franchise. read more

SEP 29, 2017 - 6:55 am

According to Brand Finance research, JPMorgan Chase was ranked as the most popular brand in the U.S. Wells Fargo was voted the least trusted bank. U.S. Bank proved to have the most loyal customers. read more

SEP 25, 2017 - 7:03 am

Wells Fargo Middle Market Banking named 20-year banking veteran Robert Valcq to lead its Southeastern Wisconsin team as regional vice president, effective immediately. read more

SEP 15, 2017 - 7:20 am

Wells Fargo announced the completion of an expanded third-party review dating back to the beginning of 2009. The results revealed an additional 1.4 million of potentially unauthorized accounts. read more

SEP 1, 2017 - 6:58 am