Wells Fargo Related Content

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

Wells Fargo Appoints Reen & Juliano as New Corporate Risk Leaders

Wells Fargo appointed two new Corporate Risk leaders, Kevin Reen and Bill Juliano, to provide greater oversight of all risk-taking activities and a more comprehensive view of risk across the company. read more

Wells Fargo, NGLCC Launch Capacity Development Program for LGBT Entrepreneurs

Wells Fargo and the National LGBT Chamber of Commerce launched the XLR8 Program to help LGBT entrepreneurs grow in a highly competitive market. read more

Wells Fargo Provides $900K to Cleantech Startups Impacted by COVID-19

The Wells Fargo Innovation Incubator accelerated its awards program to provide $900,000 to cleantech and sustainable agriculture startups impacted by COVID-19. read more

Wells Fargo Taps Hurst to Lead Corporate Responsibility, Philanthropy & Sustainability

Wells Fargo selected Nate Hurst to oversee a newly combined organization that includes Corporate Responsibility, Philanthropy, Community Relations, and Sustainability. He will also serve as president of the Wells Fargo Foundation. read more

Wells Fargo Names Mehta & Kumar Technology Leadership CIOs

Wells Fargo named Chintan Mehta CIO, head of Digital Technology & Innovation, and Munish Kumar CIO, head of Wealth & Investment Management Technology. read more

Wells Fargo Sponsors WBENC Education Program for Women-Owned Businesses

The WBENC Executive Education Program sponsored by Wells Fargo is a new executive education program to support women-owned businesses. read more

Wells Fargo Receives ‘Outstanding’ Community Reinvestment Act Rating

Wells Fargo Bank received a rating of “Outstanding” in its most recent Community Reinvestment Act Performance Evaluation. read more

Wells Fargo, USHCC Expand Innovative Small Business Accelerator Program

Wells Fargo & Company and USHCC expanded into five new markets for the Avanzar Small Business Accelerator Program. read more

Wells Fargo Names Owens New Head of Operations

Wells Fargo appointed Lester Owens head of operations, responsible for building a more unified, integrated approach to Wells Fargo’s business operations functions. read more

Wells Fargo Q1/20 Net Income Down 88.9%, Revenue Down 18% Y/Y

Wells Fargo reported Q1/20 net income of $653 million, down 88.9% from net income of $5.9 billion in Q1/19. Revenue of $17.7 billion was down 18% from $21.6 billion year over year. read more

Wells Fargo Names Bates Technology Control Executive

Wells Fargo named Julia Bates technology control executive. Bates joined from JPMorgan Chase’s Commercial Bank, where she served as chief control manager. read more

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