Wells Fargo Related Content

Reuters: GE Nears Deal to Sell $30B of Loans to Wells Fargo

Reuters reported that GE is in advanced talks to sell a finance portfolio worth more than $30 billion to Wells Fargo. Reuters said the deal encompasses vendor financing, commercial distribution finance and direct lending assets. read more


GE Capital Nears $100 Billion in Asset Sales Since April

GE Capital has signed nearly $95 billion in deals to reduce its size as of the end of Q3/15. read more


GE Sells Tank Car Portfolio to Marmon, Railcar Leasing to Wells Fargo

GE announced it reached separate agreements to sell its tank car fleet assets and repair facilities to Marmon Holdings, and its remaining railcar leasing business to Wells Fargo. read more


Jack in the Box Announces New $200MM Share Repurchase Program

Jack in the Box announced its Board authorized an additional $200 million stock buyback program commencing in fiscal 2016. The company noted Wells Fargo was agent on the company’s recent revolver upsize amendment increase that creates room for the buyback. read more

GE Capital Provides Rush Enterprises with $850MM Inventory Financing

Rush Enterprises entered into an amendment with a lender group led by GE Capital Commercial as administrative agent for a facility that will provide $850 million to finance the company’s purchase of vehicle inventory and working capital. read more

Wells Fargo Hires Dontas to Lead New NJ Division

Wells Fargo said it hired Peter Dontas to lead the newly created New Jersey Division of its Commercial Banking unit. Dontas was previously with Bank of America. read more

Wells Fargo Names Shea New Relationship Manager

According to a news story that appeared on philly.com, Wells Fargo Commercial Banking’s National Food and Agribusiness Division in Philadelphia has named Michael Shea new relationship manager. read more

Bloomberg: Wells Fargo Front-Runner for GE Railcar Unit

Bloomberg, citing sources close to the matter, reported that Wells Fargo has become the front-runner to purchase GE’s railcar financing unit. read more

GE Capital Veteran to Head Wells Fargo SBA Sales

John Coad, a 24-year veteran of GE Capital, has been named national sales manager for SBA Lending by Wells Fargo. read more

Small Business Optimism Falls Again

According to the quarterly Wells Fargo/Gallup Small Business Index, optimism in the sector during Q2/15 fell to 59, down from 64 in April and 71 in January. read more

Ready for the Next Downturn … Diligent Credit and Risk Managers Worry

Monitor contributor, Susan Carol, reports on the ELFA’s Credit and Collection Conference where credit and risk managers remain confident when it comes to compliance and fundamental practices as they prepare for the next inevitable downturn.... read more

Wells Fargo Most Valuable Bank on Planet

According to a Zacks Research report, Wells Fargo has officially surpasses the Industrial and Commercial Bank of China to become the world’s most valuable money lender. read more

Bloomberg: Lenders Losing Patience With Drillers

According to a report from Bloomberg, bank regulators’ warnings about the risk involved with lending to U.S. drillers has patience from Wall Street lenders waning. read more

WSJ: Wells Still In Tough Competition For GE Capital Assets

According to the Wall Street Journal, Wells Fargo remains interested in acquiring parts of the GE Capital portfolio, even against elevated competition from non-banks. read more

Wells Fargo Loan Growth Reflects GE Capital Purchase

Wells Fargo reported Q2/15 earnings of $5.7 billion were about the same as Q2/14 and matched analysts’ expectations. Total sequential loan growth of $27.2 billion included $11.5 billion from a GE Capital loan purchase. read more

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