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

According to the quarterly Wells Fargo/Gallup Small Business Index, optimism in the sector during Q2/15 fell to 59, down from 64 in April and 71 in January. read more

AUG 10, 2015 - 7:38 am

Monitor contributor, Susan Carol, reports on the ELFA’s Credit and Collection Conference where credit and risk managers remain confident when it comes to compliance and fundamental practices as they prepare for the next inevitable downturn.... read more

July/August 2015

According to a Zacks Research report, Wells Fargo has officially surpasses the Industrial and Commercial Bank of China to become the world’s most valuable money lender. read more

JUL 23, 2015 - 7:09 am

According to a report from Bloomberg, bank regulators’ warnings about the risk involved with lending to U.S. drillers has patience from Wall Street lenders waning. read more

JUL 21, 2015 - 7:19 am

According to the Wall Street Journal, Wells Fargo remains interested in acquiring parts of the GE Capital portfolio, even against elevated competition from non-banks. read more

JUL 15, 2015 - 7:09 am

Wells Fargo reported Q2/15 earnings of $5.7 billion were about the same as Q2/14 and matched analysts’ expectations. Total sequential loan growth of $27.2 billion included $11.5 billion from a GE Capital loan purchase. read more

JUL 15, 2015 - 6:30 am

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

JUN 18, 2015 - 7:05 am

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

JUN 12, 2015 - 7:42 am

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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

JUN 1, 2015 - 7:45 am

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

MAY 19, 2015 - 7:22 am