Wells Fargo Related Content

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

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

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