Wells Fargo Related Content

Wells Fargo’s Stumpf Wins CEO of the Year Award

Morningstar named John Stumpf of Wells Fargo the recipient of its 2015 CEO of the Year award. read more

Wells Fargo FY Lease Financing Interest Income Declines as Yields Shrink

Wells Fargo reported FY 2015 interest income of $577 million on lease financing average balances of $12.30 billion was down from $690 million on average balances of $12.26 billion a year earlier as yields dropped from 5.63% to 4.70% year/year. read more

GE Capital Divestitures in 2015 Reach $157 Billion

In its effort to divest most of GE Capital, GE signed $157 billion in transactions and closed transactions of $104 billion in ending net investment during 2015. read more

Reuters: Prime Rates Rise Following Fed Rate Hike

Reuters reported that major U.S. banks raised their prime rates for the first time since 2006 following a rate hike from the Federal Reserve. read more

Wells Fargo Survey: 2015 Gains in Small Business Optimism Erased

According to the latest Wells Fargo/Gallup Small Business Index, after reaching a seven-year high in January, small business owners are feeling less optimistic today than they were a year ago. read more

Wells Fargo Names Commercial Banking Regional VP

Wells Fargo has promoted Cavan Harris to regional vice president of its Charlotte West Commercial Banking team that covers Charlotte and western North Carolina middle market companies. read more

AerCap Closes $1.3 Billion of New Credit Facilities

Aircraft lessor AerCap Holdings said it completed the closing of $1.3 billion of new credit facilities that will be used to acquire 22 aircraft from Boeing and Airbus through the end of 2016. read more

Bloomberg: S&P Cuts Ratings on Eight Large Banks

Bloomberg reported that JPMorgan Chase, Bank of America and Wells Fargo are among eight large U.S. banks that had credit grades cut one level by Standard & Poor’s on the prospect that the U.S. government is less likely to provide aid in a crisis. read more

Avolon Acquires Airbus A320-200 Aircraft On Lease to VivaAerobus

Avolon Capital Partners has acquired one Airbus A320-200 aircraft on lease to VivaAerobus. This is the ninth aircraft to deliver to Avolon Capital Partners. read more

Sloan Named Wells Fargo’s President and COO

Wells Fargo’s board of directors has named 28-year company veteran Timothy J. Sloan to be president and chief operating officer, reporting to chairman and CEO John G. Stumpf, effective immediately. read more

Wells Fargo Adds Former Exec to New England Advisory Board

Wells Fargo announced the addition of Doug Bryant, a retired regional sales manager for the Northeast division of Commercial Banking, to its New England advisory board. read more

WSJ: Wells Fargo’s Pursuit of GE Assets Likely Over

The Wall Street Journal reported that Wells Fargo finance chief John Shrewsberry said it is unlikely that the bank will pursue any other GE-related acquisitions. read more

Wells Fargo YTD Lease Financing Yield Falls 96 BPS Y/Y

Wells Fargo reported its year-to-date 2015 lease financing interest income of $441 million was down 16% from $526 a year earlier. The related YTD yield of 4.77% was down 96 basis points from 5.73% in 2014. read more

Wells Fargo Buys GE’s $32B Lending/Leasing Businesses

GE reached an agreement to sell GE Capital’s global Commercial Distribution Finance, North American Vendor Finance and Corporate Finance platforms to Wells Fargo. read more

Wells Fargo America’s Top Small Business SBA Lender in 2015

U.S. Small Business Administration data shows Wells Fargo approved more SBA 7(a) loan dollars and units than any other lender for 2015 federal fiscal year. read more

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