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Wells Fargo Taps Lessard to Lead Realigned ABL/EF Team in Canada

Wells Fargo Commercial Capital realigned its Canada-based Equipment Finance and ABL originations teams into a newly integrated business unit, with Nicolas Lessard as the head of the combined team. read more

Wells Fargo Reports $4.6B in Income for Q3/19

Wells Fargo reported its financial results for Q3/19. Net income for the quarter was $4.6 billion, compared with $6.0 billion in Q3/18. read more

Nine Additional Sales Reps Join Partners Capital Group

Partners Capital Group hired nine more sales representatives, bringing its total hires to more than 80 vendor sales reps at Partners Capital. read more

Mintaka Financial Acquires Summit Commercial Finance

Mintaka Financial has acquired Phoenix, AZ-based Summit Commercial Finance. read more

Sutter Named Head of Wells Fargo Corporate Trust Services

Wells Fargo appointed industry veteran Patricia Sutter head of Wells Fargo Corporate Trust Services. She will report to David Marks, head of Wells Fargo Commercial Capital. read more

Stonebriar Promotes Parks to Executive Vice President

Stonebriar Commercial Finance promoted Kyle C. Parks to executive vice president and named him to the SCF Executive Management team. read more

Ascentium Capital Reports 30% Growth During Q3/2019

Ascentium Capital funded $392.4 million in volume during the third quarter of 2019, representing a 30% increase over the same period last year. read more

Software Provider IDS Acquired by Private Equity Firm Thoma Bravo

Software-focused private equity investment firm Thoma Bravo acquired majority ownership in IDS, a provider of asset finance software solutions. read more

Sterling to Acquire $843MM Equipment Finance Portfolio from Santander

Sterling National Bank agreed to acquire a portfolio of equipment finance loans and leases from Santander Bank in the wake of the latter’s decision to exit the equipment finance industry. read more

Reuters: HSBC to Cut Up to 10,000 Jobs

According to Reuters, HSBC plans to cut up to 10,000 jobs or 4% of its workforce in an effort to reduce costs. read more

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