Wells Fargo Related Content

Wells Fargo Promotes Peterson to Lead Food & Ag Division

Wells Fargo named 31-year commercial banking veteran and fourth-generation family farmer Gene Peterson head of its National Food and Agribusiness division. read more

Wells Fargo Launches FastFlex Small Business Loan

Wells Fargo launched FastFlex Small Business Loan, a fast-decision loan that offers a competitive interest rate to small businesses with short-term credit needs. FastFlex was built in-house by Wells Fargo. read more

Wells Fargo Problem Loans Up 62% on Weak Oil & Gas Market

According to Reuters, Wells Fargo reported a 62% increase in problem loans primarily due to weakness of oil and gas companies. read more

Competing in a Slow Growth Environment: Meeting the Sophisticated Needs of Vendor Partners

In a Monitor Q&A, executives from four leading vendor finance companies provide an overview of the current vendor finance landscape. They discuss last year’s intense competition and its effect on standards, how the process of developing new vendor relationships has changed during the past decade and the opportunities and challenges they anticipate in 2016.... read more

Small Businesses Say Presidential Candidates Not Addressing Concerns

According to the latest Wells Fargo/Gallup Small Business Index, a majority of small business owners say the issues most important to them are not being addressed in the presidential campaign. read more

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

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