Wells Fargo Related Content

Wells Fargo/Gallup Survey Indicates Long Road to Recovery for Small Businesses

With COVID-19 cases surging and a new wave of restrictions looming, challenges persist for small business owners as they continue to weather the pandemic, according to data from the Q4 Wells Fargo/Gallup Small Business Index. read more

Wells Fargo, FGI Equipment Finance Provide $56.7MM Credit Facility to Core Molding

Core Molding Technologies closed a new credit facility with Wells Fargo and FGI Equipment Finance. The new credit facility is a combination of $31.7 million of new term loan capacity and $25 million of revolving loan capacity. read more

Wells Fargo Names Santos Head of Diverse Segments, Representation and Inclusion

Kleber Santos will join Wells Fargo on Nov. 9 as head of the newly created diverse segments, representation and inclusion group to elevate the company’s internal and external diversity efforts. He will report to CEO Charlie Scharf and serve on the company’s operating committee. read more

To Joins Wells Fargo’s Corporate & Investment Banking Healthcare Group

Lucy To joined Wells Fargo Corporate & Investment Banking’s healthcare coverage group as a managing director focused on the biotech investment banking sector. To joined Wells Fargo from Deutsche Bank. read more

Thorne Joins Wells Fargo’s Technology, Media and Telecom Group

Greg Thorne joined Wells Fargo Corporate & Investment Banking’s technology, media and telecom coverage group as a managing director focused on software investment banking. Prior to joining Wells Fargo, Thorne was a managing director at Deutsche Bank. read more

Wells Fargo: Small Business Optimism Rises, Outlook on Current Business Conditions Still Down

The overall score of the Q3/20 Wells Fargo/Gallup Small Business Index rose 12 points from last quarter’s historic low-water mark. However, the overall positive movement in sentiment was contrasted by the third successive quarterly decline in optimism about current business conditions. read more

Wells Fargo Corporate Risk Names New Leaders as Part of Updated Risk Model

Wells Fargo appointed six new corporate risk leaders as part of its enhanced risk model. In addition, Mike Roemer, the current chief compliance officer of Wells Fargo, decided to leave the company. Paula Dominick will join Wells Fargo as chief compliance officer in October. read more

United Rentals to Redeem 6.5% Senior Notes Due 2026

United Rentals’ subsidiary, United Rentals North America (URNA), intends to redeem all of the outstanding $1.1 billion principal amount of its 6.5% senior notes due 2026 on Aug. 10, 2020. read more

Wells Fargo Appoints Santomassimo CFO, Shrewsberry to Retire

Mike Santomassimo will join Wells Fargo in fall 2020 as CFO. Santomassimo will report to Charlie Scharf, CEO of Wells Fargo, and serve on the company’s operating committee. Santomassimo will succeed John Shrewsberry, who plans to retire. read more

Wells Fargo Names Williams III Head of Strategy, Digital and Innovation

Ather Williams III will join Wells Fargo in October 2020 as head of strategy, digital and innovation. Williams will join Wells Fargo from Bank of America, where he worked for nine years and most recently served as head of business banking. read more

Wells Fargo Names Ninonuevo and Place COO, CFO for EMEA Region

Wells Fargo named Lola Ninonuevo chief operating officer and added Richard Place as chief financial officer for the Europe, Middle East and Africa region. read more

Wells Fargo Launches $400MM Small Business Recovery Effort

Wells Fargo unveiled details of an approximately $400 million effort to help small businesses impacted by the ongoing COVID-19 pandemic remain open, retain employees and rebuild. read more

Wells Fargo Expects Deep But Short Recession, Recovery in H2/20

According to the Wells Fargo Investment Institute’s 2020 midyear outlook, there will be a deep but short recession and a gradual U.S. economic recovery beginning in the second half of 2020. read more

Extraction Oil & Gas Files for Chapter 11, Wells Provides $125MM DIP Facility

Extraction Oil & Gas has voluntarily filed for petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Wells Fargo has underwritten a $125 million DIP financing facility, subject to Court approval.  read more

ELFA Webinar: Accounting Insights for COVID-19 Lease & Loan Modifications

ELFA’s webinar addressed modification accounting, application of FASB COVID-19 related relief and operational considerations when modifying contracts. read more

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