Wells Fargo Related Content

GE Capital Real Estate Closes $9.5B Towards Exit

GE its GE Capital Real Estate business has completed transactions totaling $9.5 billion with Blackstone, Wells Fargo, Shinsei Bank and other buyers for portfolios in Canada, Japan, Germany, UK and the U.S. read more

Wells, TD Explore Bids for GE Lending Assets

Bloomberg reported Wells Fargo and TD Bank are exploring offers for a batch of U.S. commercial-lending businesses General Electric Co. is selling as it whittles down its finance arm. read more

SNL: $1B+ Banks Report $2.5B from Q1 Overdraft Fees

According to SNL Financial, banks with more than $1 billion in assets collectively reported they took in $2.51 billion in overdraft fees in Q1/15. read more

Wells Fargo Lends $22.6B to Small Businesses

Wells Fargo extended $22.6 billion in new loan commitments to small business customers in the first 15 months of its five-year goal. read more

Wells Fargo Expands in New England, Names O’Brien Division Manager

Wells Fargo said it promoted Greg O’Brien to division manager of its recently established Commercial Banking New England Division. read more

WSJ: GE in Talks to Sell U.S. CLL Business to Wells Fargo

The Wall Street Journal reported General Electric is in talks to sell all or parts of its U.S. Commercial Lending and Leasing unit, with $74 billion in assets, to Wells Fargo and others. read more

Wells Fargo Reports 117 BP Drop in Q1 Lease Financing Yield

Wells Fargo reported its Q1/15 lease financing average balance was $12.32 billion with a reported yield of 4.95% compared to $12.26 billion with a reported yield of 6.12% in Q1/14. read more

Blackstone, Wells Fargo to Acquire GE Capital’s CRE Assets

Blackstone and Wells Fargo announced they signed agreements to purchase most of the assets of GE Capital Real Estate in a transaction valued at approximately $23 billion. read more

Wells Fargo Names Caperton Head of Corporate Development

Wells Fargo named Julie Caperton head of Corporate Development, responsible for supporting business leaders across Wells Fargo by managing the company’s acquisition and divestiture process. read more

Man Posing as Exec Indicted in $2.3MM Fraud

According to the U.S. Attorney’s office in FL, a man posing as an executive of a number of companies has been indicted and charged with fraud against Wells Fargo, CIT Group and Key Bank. read more

Wells Fargo Adds NY Commercial Banking Office, Hires Three

Wells Fargo announced it opened a new commercial banking office in New York City to expand its services to the apparel industry. Joe Pollicino, Doug Taliaferro and Gary Vessecchia were hired to spearhead the initiative. read more

Wells Fargo Reports FY/14 Lease Financing Yield Off 47 BPS

Wells Fargo reported record FY 2014 earnings of $23.1 billion, up from $21.9 billion in 2013. The bank noted its lease financing portfolio of $12.3 billion was providing a yield of 5.63%, down 47 bps from 6.10% a year earlier. read more

Wells Fargo Names Leader in Florida

Wells Fargo hired Kelly Madden to lead commercial banking operations in Florida. Madden was previously the North Florida region president and retail bank director for Greater North Florida with Wells Fargo predecessor Wachovia Bank. read more

Survey: Small Business Owners Most Optimistic Since 2008

According to the latest Wells Fargo/Gallup Small Business Index, small business owners are the most optimistic they have been in more than six years, and business owners are feeling the most upbeat about the year ahead since the start of the Great Recession. read more

Wells Fargo Expands Chicago Commercial Banking

Wells Fargo appointed Michael Bromfield to lead its new Commercial Banking office as part of an expansion in the Chicago suburbs set to happen over the next several years. read more

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