Wells Fargo Related Content

Wells Fargo Completes Acquisition of GE Capital’s CDF Business in AU & NZ

Wells Fargo completed the purchase of the Australian and New Zealand segments of GE Capital’s Commercial Distribution Finance business. read more

Wells Fargo Q2/16 Results Reflect Higher Oil & Gas Charges

Wells Fargo reported Q2/15 earnings of $5.6 billion were down from $5.7 billion a year earlier despite higher revenues. The bank noted a Q2 provision charge $1,074 million compared to $300 million a year earlier. read more

WSJ: Big Banks Lose Nearly Half a Trillion Dollars in 2016

The Wall Street Journal reported that 20 of the world’s biggest banks have lost 25% of their aggregate market value — approximately $465 billion — according to data from FactSet. read more

Wells Fargo Completes Acquisition of GE Capital’s CDF Business in Asia

Wells Fargo completed the purchase of the Asia segment of GE Capital’s Commercial Distribution Finance business. The acquisition includes CDF assets and 46 team members. read more

Wells Fargo Promotes Peterson to Lead Food & Ag Division

Wells Fargo named 31-year commercial banking veteran and fourth-generation family farmer Gene Peterson head of its National Food and Agribusiness division. read more

Wells Fargo Launches FastFlex Small Business Loan

Wells Fargo launched FastFlex Small Business Loan, a fast-decision loan that offers a competitive interest rate to small businesses with short-term credit needs. FastFlex was built in-house by Wells Fargo. read more

Wells Fargo Problem Loans Up 62% on Weak Oil & Gas Market

According to Reuters, Wells Fargo reported a 62% increase in problem loans primarily due to weakness of oil and gas companies. read more

Competing in a Slow Growth Environment: Meeting the Sophisticated Needs of Vendor Partners

In a Monitor Q&A, executives from four leading vendor finance companies provide an overview of the current vendor finance landscape. They discuss last year’s intense competition and its effect on standards, how the process of developing new vendor relationships has changed during the past decade and the opportunities and challenges they anticipate in 2016.... read more

Small Businesses Say Presidential Candidates Not Addressing Concerns

According to the latest Wells Fargo/Gallup Small Business Index, a majority of small business owners say the issues most important to them are not being addressed in the presidential campaign. read more

Embracing Change & Creating Opportunity: Kelly Takes the Reins of Wells Fargo Vendor Financial Services

Wells Fargo recently named GE Capital veteran Jim Kelly group head of Vendor Financial Services. In a Q&A with Monitor, Kelly discusses the process of integrating the vendor businesses of GE and Wells Fargo, his father’s contagious optimism and his hope for attracting bright and diverse talent to the equipment finance industry.... read more

Willis Lease Expands Revolving Credit Facility Up to $1B

Willis Lease Finance expanded its $700 million revolving credit facility by over 40% to $1 billion, which includes a $110 million accordion feature. read more

Wells Fargo Names DuCharme Head of Global Banking

Wells Fargo named Thomas DuCharme the new head of its Global Banking division. DuCharme was formerly the banking co-head of JPMorgan’s Asia Pacific Corporate & Investment Bank in Singapore. read more

BankUnited Names Sexson SBA National Sales Manager

BankUnited appointed Steve Sexson to the position of SVP and SBA national sales manager. Sexson was previously with Wells Fargo where he served as SBA area sales manager. read more

Wells Fargo Completes North American GE Capital Acquisition

Wells Fargo completed the purchase of GE Capital’s Commercial Distribution Finance and Vendor Finance businesses as well as a portion of its Corporate Finance business, totaling $27.4 billion of assets. read more

Wells Fargo Small Business Survey Indicates Optimism

The latest Wells Fargo/Gallup Small Business Index rose to 67 in January, a 13-point gain from November’s survey, indicating increased optimism. read more

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