Wells Fargo Related Content

Wells Fargo Names Richard Yorke COO of Wholesale Banking

Richard Yorke, who previously headed the International Group, was named chief operating officer of Wells Fargo Wholesale Banking, reporting to Perry Pelos, senior executive vice president and head of Wholesale Banking. read more

Wells Fargo FY Interest Income on Lease Financing Balances up 59%

Wells Fargo interest income on lease financing average balances of $17.95 billion was $916 million in 2016, up 59% from $577 million on average balances of $12.30 billion a year earlier. read more

Regulators Reject Wells Fargo ‘Living Will’ Plan, Impose Restrictions

The FDIC and Federal Reserve rejected Wells Fargo’s latest “living will” plan and, as a result, has placed restrictions on bank’s ability to grow its international and non-bank activities. read more

Venture Bank Provides $11MM Facility for Famous Dave’s

Famous Dave's signed a new $11 million credit line with Venture Bank. The new loan was used to pay off the company’s $9.9 million loan with Wells Fargo. read more

Wells Fargo Amends By-Laws to Require Separation of Chairman and CEO

Wells Fargo’s board of directors amended the company’s by-laws to require the separation of the chairman and CEO roles and for the chairman and vice chairman of the board to be independent directors. read more

Wells Fargo Provides $11.2MM to Support Diverse-Owned Small Businesses

Wells Fargo is providing $11.2 million to help 12 Community Development Financial Institutions better serve diverse-owned small businesses. read more

Wells Fargo Reports 54% Increase in Lease Financing Balances

Wells Fargo reported lease financing average balances for Q3/16 of $18.9 billion, up 53.7% from $12.3 billion a year earlier. The company noted strong loan growth included the GE Capital portfolio acquisitions. read more

Stumpf Retires, Sloan Named Wells Fargo CEO

Wells Fargo Chairman and CEO John Stumpf will retire, effectively immediately. Tim Sloan, company president and chief operating officer, was elected to succeed him as CEO. read more

Wells Fargo Completes Acquisition of GE Capital’s EMEA CDF Business

Wells Fargo completed the purchase of the Europe, Middle East and Africa segment of GE Capital’s Commercial Distribution Finance business. read more

Stumpf Forfeits $41MM+ as Wells Fargo Directors Conduct Investigation

Wells Fargo will launch an independent investigation into the company’s retail sales practices. CEO John Stumpf will forfeit more than $41 million of stock, bonus and salary during the investigation. read more

Wells Fargo Pays $185MM in Fines for Allegedly Opening Unauthorized Accounts

The Consumer Financial Protection Bureau fined Wells Fargo $100 million for the illegal practice of secretly opening unauthorized accounts. The CFPB said the bank would also pay additional penalties of $35 million and $50 million to the OCC and the City of Los Angeles, respectively.    read more

Wells Fargo Amends Erickson Air Crane Credit Agreement

Erickson, formerly known as Erickson Air Crane, and Erickson Helicopters, formerly known as Evergreen Helicopters, entered into a credit agreement amendment with a lender group led by Wells Fargo as administrative agent. read more

Wells Seeks $140MM Loan Refinancings From Erickson

The Oregonian reported that Wells Fargo is demanding that helicopter operator, Erickson, refinance its $140 million credit line in full by the end of August. read more

Wells Fargo Names Kowach President of Retail Brokerage Business

David Kowach was named president and head of Wells Fargo Advisors, Wells Fargo’s national retail brokerage, effective immediately. read more

Wells Fargo Increases Presence in Maine with New Office

Wells Fargo opened its newest Middle Market Banking office in Portland, ME. Rob Small and Dave Ott have joined the firm, from TD Bank and BofA Merrill, respectively, and will be based in the new office. read more

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