Wells Fargo Related Content

Wells Fargo Agents $302.7MM+ ABS Transaction for CCG

Independent commercial equipment finance company Commercial Credit Group closed a 144a privately-placed term asset-backed security transaction. Wells Fargo served as structuring agent and lead bookrunner on the $302.732 million financing. read more

Well Fargo Q1/19 C&I Interest Income Up 23%; Lease Financing Yields Drop Y/Y

Wells Fargo reported Q1/19 earnings of $5.9 billion was up from $5.1 billion a year earlier. C&I interest income was also up 23 percent compared to a year earlier while lease financing interest income and yields were down from Q1/18. read more

Wells Fargo Survey: Investors Favor ‘the Human Touch’ When Seeking Financial Advice

A Wells Fargo/Gallup Investor survey revealed 84 percent of investors are not replacing their financial advisors with automated investing technology. read more

Wells Fargo Asset Management Unveils Brand Redesign

As part of Wells Fargo’s recent branding campaign and redesign, Wells Fargo Asset Management (WFAM) launched a new brand initiative to provide clients with a more integrated, consistent product and solutions-focused experience. read more

Sloan to Retire as Wells Fargo CEO; Parker Appointed Interim CEO

Wells Fargo President and CEO Timothy Sloan has informed the company’s Board of Directors of his decision to step down as CEO, president, and board member effective immediately. The board has elected General Counsel C. Allen Parker as interim CEO. read more

After Consumer Scandals, Wells Fargo Struggles to Recruit Corporate Clients

Three years after a sales practice scandal rocked the bank, Wells Fargo is struggling to recruit new clients for its corporate bank, according to a new report from Reuters. read more

Wells Fargo CEO Testifies on Company Reforms Before Skeptical Congress

Wells Fargo CEO and President Tim Sloan testified before the House Financial Services Committee, asserting Wells Fargo has become a better bank through ongoing operational reforms. But numerous news services reported this testimony was met with skepticism by Congressional membership. read more

Wells Fargo Details Plan to Rebuild and Transform

Wells Fargo provided an update on the progress the company has made and is making as part of its transformation to build a better, stronger company in a new progress report available on its website. read more

Wells Fargo Names Gillespie Head of Coverage

Wells Fargo appointed David Gillespie to head of Coverage for Corporate & Investment Banking and John Hudson to vice chair, Chair of Client Origination. read more

Wells Fargo Names Tejada Chief Strategic Enterprise Risk Officer

Wells Fargo named Maria Teresa Tejada its new chief strategic enterprise risk officer. Tejada will join the company’s risk organization and report directly to chief risk officer Mandy Norton. read more

Construction Industry Optimism Remains High for Eighth Consecutive Year

For the eighth consecutive year, construction industry executives say they feel optimistic about the year ahead for their business sector, according to the 43rd Wells Fargo Construction Industry Forecast. read more

Bankruptcy Court Approves Sale of Waypoint Assets to Macquarie Group

According to a post on Helicoptor Leasing, a bankruptcy judge approved the sale of bankrupt helicopter lessor Waypoint Leasing’s assets – including most of its helicopters – to Macquarie Group and some of its secured lenders. read more

Wells Fargo Survey: Small Business Revenues Decrease, Optimism Declines

Small business owners indicated declining optimism in the latest quarterly Wells Fargo/Gallup Small Business Index, with an overall Index score of 106. read more

Wells Fargo Launches Recovery and Rebuilding Effort in Paradise, CA

Wells Fargo will provide an additional $3.25 million in financial resources to residents and organizations in Butte County, CA, to address challenges that remain after the 2018 wildfires. Funding will include loan capital earmarked for infrastructure, staff, inventory, equipment and other assistance. read more

Troutner Joins Wells Fargo as Western Region Bank Exec

Financial services executive Steve Troutner joined Wells Fargo as Western region bank executive. Troutner will be based in Los Angeles and report to Head of Consumer Banking Mary Mack. read more

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