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
NOV 18, 2015 - 7:14 am
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
NOV 10, 2015 - 6:56 am
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
OCT 16, 2015 - 7:36 am
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
OCT 15, 2015 - 6:51 am
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
OCT 14, 2015 - 7:37 am
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
OCT 13, 2015 - 7:23 am
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
OCT 12, 2015 - 8:12 am
GE Capital has signed nearly $95 billion in deals to reduce its size as of the end of Q3/15. read more
OCT 5, 2015 - 7:55 am
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
OCT 1, 2015 - 7:14 am
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
SEP 24, 2015 - 7:38 am
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
SEP 23, 2015 - 8:01 am
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
SEP 15, 2015 - 7:44 am
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
SEP 8, 2015 - 7:40 am
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
AUG 28, 2015 - 7:44 am
John Coad, a 24-year veteran of GE Capital, has been named national sales manager for SBA Lending by Wells Fargo. read more
AUG 26, 2015 - 7:30 am
Terry Mulreany
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