Wells Fargo Related Content

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

Wells Fargo Names Carr as Controller

Wells Fargo announced that Muneera Carr will join the company as controller, effective January 6, 2020. read more

Former Santander USA CEO Joins Wells Fargo as COO

Wells Fargo named Scott Powell its new chief operating office. He will serve on the company’s Operating Committee and report directly to CEO and President Charlie Scharf. read more

Wells Fargo Names Flores, Goins to Key Philanthropy Roles

Wells Fargo named Jenny Flores as lead of its small business growth philanthropy and company veteran Darlene Goins as head of financial health philanthropy. Both will be based in San Francisco. read more

Fisher to Join Wells Fargo, Modjtabai to Retire from PVSI Group

Ray Fisher will become the head of Wells Fargo’s Cards, Retail and Merchant Services group. In March 2020, Avid Modjtabai will retire from the bank’s PVSI group. read more

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