Wells Fargo Related Content

Wells Fargo Survey: 2015 Gains in Small Business Optimism Erased

According to the latest Wells Fargo/Gallup Small Business Index, after reaching a seven-year high in January, small business owners are feeling less optimistic today than they were a year ago. read more

Wells Fargo Names Commercial Banking Regional VP

Wells Fargo has promoted Cavan Harris to regional vice president of its Charlotte West Commercial Banking team that covers Charlotte and western North Carolina middle market companies. read more

AerCap Closes $1.3 Billion of New Credit Facilities

Aircraft lessor AerCap Holdings said it completed the closing of $1.3 billion of new credit facilities that will be used to acquire 22 aircraft from Boeing and Airbus through the end of 2016. read more

Bloomberg: S&P Cuts Ratings on Eight Large Banks

Bloomberg reported that JPMorgan Chase, Bank of America and Wells Fargo are among eight large U.S. banks that had credit grades cut one level by Standard & Poor’s on the prospect that the U.S. government is less likely to provide aid in a crisis. read more

Avolon Acquires Airbus A320-200 Aircraft On Lease to VivaAerobus

Avolon Capital Partners has acquired one Airbus A320-200 aircraft on lease to VivaAerobus. This is the ninth aircraft to deliver to Avolon Capital Partners. read more

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

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