Wells Fargo Related Content

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

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

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