Wells Fargo Related Content

Wells Fargo Expands Participation in the Paycheck Protection Program

Wells Fargo expanded its participation in the Paycheck Protection Program to offer loans to a broader set of its small business and nonprofit customers subject to the terms of the program. read more

Wells Fargo Reaches Lending Capacity Under Paycheck Protection Program

Wells Fargo announced it is targeting to distribute a total of $10 billion to small business customers under the requirements of the PPP and will focus on serving two segments of its customer population: nonprofits and small businesses with fewer than 50 employees. read more

Wells Fargo Provides Aid for Customers, Communities Impacted by COVID-19

Wells Fargo announced additional comprehensive steps to help customers, communities and employees grappling with the impact of COVID-19. read more

Wells Fargo Hires TD Vet Patterson as General Counsel

Ellen Patterson will join Wells Fargo as its senior executive vice president and general counsel. She most recently served at TD Bank as group head and general counsel. read more

Election Leads to Cautiously Optimistic Construction Outlook – COVID-19 Impact Unknown

Prior to COVID-19, Construction industry executives were slightly cautious about 2020, according to a Wells Fargo survey, with conservative equipment acquisition expected. read more

36th Street Increases Facility to $170MM with Wells Fargo Participation

36th Street Capital increased its expandable senior secured revolving credit facility to $170 million in addition to amending terms to a new five-year facility.   read more

Wells Fargo Chief Accounting Officer, Levy, to Retire

Richard Levy, executive vice president and chief accounting officer, has decided to retire from Wells Fargo after 18 years with the company. He will remain with the company through March 31. read more

Wells Fargo Expands KTM Financing Program to Australia & New Zealand

Wells Fargo Commercial Distribution Finance announced a seven-year extension of its inventory financing program with motorcycle manufacturer KTM. The exclusive agreement has been expanded to support floorplan financing for nearly 100 dealers in Australia and New Zealand. read more

Constructing a Plan: Nine Economic Signs to Keep an Eye on in 2020

A slowing growth rate and continued economic expansion are not necessarily contradictory. Despite some uncertainty entering into the new year, both trends have held steady. Jim Heron recommends keeping an eye on nine different economic signs before deciding to change or forging ahead with any business plans in 2020.... read more

Wells Fargo Pays $3B to Settle DOJ and SEC Investigations of its Sales Practices

Wells Fargo has entered agreements with DOJ and SEC to resolve their investigations. Wells Fargo has agreed to make payments totaling $3 billion as part of the settlement. read more

Survey: Business Owner Optimism Softens, Digital Marketing Usage Up

The latest Wells Fargo/Gallup Small Business Index survey showed that most business owners have a positive outlook on their financial situation and plan to use digital marketing to attract new customers. read more

Former Wells CEO Stumpf Charged $17.5MM, Prohibited from Banking

The Office of the Comptroller of the Currency issued a prohibition order and a $17.5 million civil money penalty against former bank Chairman and CEO John Stumpf. read more

Wells Fargo Donates $250,000 to Australia Wildfire Relief Efforts

Wells Fargo donated $250,000 to the American Red Cross in response to the wildfires that continue to have a devastating impact on Australia and its residents. read more

Wells Fargo Attributes 2019 Losses of $1.9B to Ongoing Litigation

Wells Fargo reported 2019 net income of $19.55 billion, down from $22.39 billion in 2018. Revenue was $85.1 billion, down from $86.4 billion a year earlier. read more

Wells Names Sloan Chief Strategic Enterprise Risk Officer

Price Sloan will join Wells Fargo as chief strategic enterprise risk officer, effective January 13. read more

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