Wells Fargo Related Content

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

Wells Fargo Finances $10MM to Streamline Health Solutions

Streamline Health Solutions announced it finalized a $10 million senior term loan with a $5 million revolving line of credit with Wells Fargo. read more

Wells Fargo Names Southwest Region President

Wells Fargo announced that Southern California Lead Region President John Sotoodeh will head Wells Fargo’s Southwest Region. He succeeds Paul W. “Chip” Carlisle, who announced his retirement earlier this year. read more

Wells Fargo Named America’s Top SBA Lender

For the sixth straight year, Wells Fargo is American’s top SBA lender in dollar volume, approving a record $1.6 billion in SBA 7(a) loans for small businesses in federal fiscal year 2014. read more

Wells Fargo Adds Resources for Tech Sector in Mountain States

Wells Fargo announced it hired Matt Wysong to lead the expansion of its Technology Banking Group in the Mountain States, with emphasis on CO, UT, AZ, NV and ID. read more

Wells Fargo Taps Cavallari to Open Gainesville Office

Wells Fargo said it has opened a new commercial banking office in Gainesville, FL and has tapped Andrew Cavallari, an 18-year financial services veteran, to lead the effort. read more

Inside GE Capital

Jerry Parrotto

Recently, monitordaily reported GE Capital segment results showed overall net earnings for Q3/14 were $1.492 billion, down 22% from $1.903 a year earlier. All financial segments – Consumer, Real Estate, GECAS and Energy Financial – were off, with the exception... read more

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