Wells Fargo named Elena M. Gallo as Government Banking Division Executive. Gallo, a 35-year financial services veteran, succeeds Mara Holley, who is retiring after leading Government Banking since 2015. Gallo is based in New York.Gallo has served as...
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October 09, 2024, 06:06 AM
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Wells Fargo & Company announced Fernando Rivas has been named SEVP and Co-CEO of Corporate & Investment Banking (CIB), reporting to Wells Fargo CEO Charlie Scharf and joining the company’s Operating Committee. Rivas and Jon Weiss, who has been CIB’s...
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May 09, 2024, 07:23 AM
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Wells Fargo & Company announced Doug Braunstein will join the company as Vice Chairman. Braunstein brings a broad set of financial services experiences to Wells Fargo, with particular expertise in serving as an advisor to boards and CEOs on strategic...
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February 28, 2024, 07:20 AM
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Wells Fargo announced its Vice Chairman, Thomas R. Nides, has decided to leave the company to return his attention to events in the Middle East. Nides joined the company in September after retiring in July as U.S. Ambassador to Israel, a post he had...
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October 30, 2023, 07:18 AM
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Wells Fargo announced that Thomas R. Nides will join the company in October as Vice Chairman, reporting to CEO Charlie Scharf and joining the company’s Operating Committee.As Vice Chairman, Tom will have a broad role across the company. He will be a...
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September 25, 2023, 07:11 AM
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AP Equipment Financing announced the finalization of a $200 million credit facility from Wells Fargo. This strategic financial move comes as AP Equipment Financing is set to capitalize on increasing demand from customers and dealer partners alike.As...
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September 15, 2023, 07:15 AM
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Wells Fargo Commercial Banking, part of Wells Fargo & Company, announced Bobby Bans will lead Middle Market Asset-Based Lending (ABL) origination for the West region, which is part of the bank’s secured lending and leasing businesses. The Middle...
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September 12, 2023, 07:25 AM
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Wells Fargo announced Mary Mack will retire from the company this summer and Saul Van Beurden, head of Technology at Wells Fargo, will succeed Mack as CEO of Consumer & Small Business Banking (CSBB), effective May 15. Van Beurden will continue to...
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April 14, 2023, 07:20 AM
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Wells Fargo & Company’s Corporate & Investment Bank (CIB), announced Rachel Goldin Jinich will lead Specialty Real Estate Finance (SREF) within its Commercial Real Estate (CRE) group and oversee all SREF teams, including Hospitality Finance, Seniors...
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April 11, 2023, 07:15 AM
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Wells Fargo announced Kristy Fercho, head of Wells Fargo Home Lending, has been named the company’s new head of Diverse Segments, Representation and Inclusion (DSRI). With her extensive experience running a line of business, Fercho is well-positioned...
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November 02, 2022, 07:16 AM
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Wells Fargo & Company announced Amrita Patel will lead Wells Fargo Equipment Finance (WFEF), which offers specialized financing for purchase, acquisition or leasing of assets pertaining to equipment, transportation and rental fleets, as well as...
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August 02, 2022, 07:27 AM
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Wells Fargo & Company announced Mary Katherine DuBose as the head of the bank’s Secured Lending Division that includes asset-based lending, equipment finance, supply chain finance and inventory finance. DuBose reports to Kyle Hranicky, Chief...
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July 21, 2022, 07:25 AM
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Wells Fargo & Company announced Otis Rolley is joining the company as head of Social Impact, leading community engagement and enterprise philanthropy, including the Wells Fargo Foundation. Rolley will report to Bill Daley, Vice Chairman of Public...
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July 07, 2022, 07:05 AM
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Wells Fargo & Company announced Amy Bonitatibus has been named Chief Communications and Brand Officer, effective Sept. 12. Bonitatibus will report to Bill Daley, Vice Chairman of Public Affairs.Bonitatibus joins Wells Fargo from Chase, the retail arm...
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June 08, 2022, 07:10 AM
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Wells Fargo & Company announced Paul Ricci has been named Chief Auditor. Ricci will report to the Audit Committee of the Wells Fargo board of directors and administratively to CEO Charlie Scharf. He also will join the Wells Fargo Operating...
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May 18, 2022, 07:17 AM
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With the release of Nacha’s Top 50 financial institution ACH originators for 2021, Wells Fargo was confirmed as the top payment originator by volume on the Automated Clearing House (ACH) Network for the tenth consecutive year (historical data...
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May 17, 2022, 07:13 AM
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A federal judge on Friday dismissed class-action claims that Wells Fargo & Co, the fourth-largest U.S. bank, misled or defrauded shareholders about its commercial loans, Reuters reported.
U.S. District Judge William Alsup in San Francisco, CA, said...
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May 09, 2022, 07:22 AM
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Wells Fargo & Company announced Tim O’Hara will join the Corporate & Investment Bank (CIB) on May 9, as head of Banking. In this role, he will lead corporate and investment banking origination and execution within CIB’s Banking Division, which is...
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April 19, 2022, 07:19 AM
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Wells Fargo & Company announced it has appointed Robyn Luhning to the newly created role of Chief Sustainability Officer (CSO), underscoring the bank’s commitment to enterprise sustainability, addressing climate change, and increasing focus on...
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April 06, 2022, 07:18 AM
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Wells Fargo & Company announced that Mike Riley and Dan Thomas have been named co-heads of the Markets division of the Corporate & Investment Bank (CIB). Riley and Thomas will lead all of CIB’s markets-driven activities, including Asset-Backed...
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November 23, 2021, 07:21 AM
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Wells Fargo announced the organizational structure for its Restaurant Finance banking team, a group that supports one of the industries most impacted by the pandemic. Meghan Hinds has been tapped to lead the team.“Restaurant owners have faced...
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November 09, 2021, 07:22 AM
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Wells Fargo & Company announced that 21-year company veteran Kristin Lesher will lead Middle Market Banking. She reports to Kyle Hranicky, CEO of Wells Fargo Commercial Banking. Lesher most recently served as head of the East region.An industry...
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October 25, 2021, 07:20 AM
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Wells Fargo & Company announced its new digital infrastructure strategy, combining a multi-cloud approach with third-party data centers to drive technological speed, agility and scalability for its customers and employees. Central to the digital...
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September 16, 2021, 07:20 AM
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Wells Fargo & Company announced Perry Pelos will retire from the company in April 2022 and Kyle Hranicky, Head of Middle Market Banking, will succeed Perry as CEO of its Commercial Banking segment, effective immediately. Hranicky will report to CEO...
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September 07, 2021, 07:22 AM
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Wells Fargo Commercial Capital, part of Wells Fargo & Company, announced it has provided an integrated working capital financing solution to Southwire Company, LLC, one of North America’s leading manufacturers of wire and cable. The innovative...
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August 27, 2021, 07:20 AM
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Wells Fargo & Company announced that Clarence Nunn joined as head of Diverse Segments for Wells Fargo Wealth & Investment Management (WIM). This important role supports Wells Fargo’s elevated focus on expanding its commitment to diversity, equity and...
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August 25, 2021, 07:17 AM
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Drips, the founders of Conversational Texting, announced that, concurrently with its previously announced growth investment, it established a credit facility with Wells Fargo Capital Finance’s Technology Finance group.The Wells Fargo facility will...
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August 11, 2021, 07:00 AM
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Wells Fargo & Company announced it received the 2021 Apex Award and the 2021 Gramercy Banking and Credit Union Award in honor of its online Small Business Resource Center, which debuted in July 2020 to help small business owners amid the COVID-19...
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August 06, 2021, 07:05 AM
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Wells Fargo & Company announced Cesar Gonzalez has been named Head of Operations for Commercial Banking. He will join the company Aug. 30, and will dually report to Perry Pelos, CEO of Wells Fargo Commercial Banking, and Lester Owens, Head of Wells...
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July 27, 2021, 07:20 AM
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Wells Fargo & Company announced Derek Ellington will join the company on Oct. 18 as the head of Small Business Banking. He will report to Consumer & Small Business Banking CEO Mary Mack.Ellington joins Wells Fargo from Bank of America where his...
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July 23, 2021, 07:21 AM
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Wells Fargo & Company announced Bei Ling will join the company Oct. 1 as head of Human Resources. She will report to CEO Charlie Scharf and serve on the company’s Operating Committee.Ling joins Wells Fargo from JPMorgan Chase, where she was most...
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July 09, 2021, 07:20 AM
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Wells Fargo Distribution Finance, part of Wells Fargo & Company, announced the extension of its floorplan financing program with Briggs & Stratton’s Turf and Consumer Products Group. The agreement will support more than 1,800 dealers globally....
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June 03, 2021, 07:16 AM
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Wells Fargo & Company named Cynthia Caine to head the Commercial Auto group. A 30-year financial services veteran, Caine most recently led the Diversified Industries group within Distribution Finance.“Cynthia is well-known for her strong client...
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May 07, 2021, 07:20 AM
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The Toronto-Dominion Bank completed the previously announced acquisition of Wells Fargo's Canadian Direct Equipment Finance business.The transaction adds scale and capabilities to TD's existing Canadian Equipment Financing business and expands TD's...
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May 04, 2021, 07:20 AM
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Wells Fargo & Company announced David Galloreese, head of Human Resources, will leave Wells Fargo on April 23 to take a role outside the company.Kleber Santos, head of Diverse Segments, Representation and Inclusion and a member of the Operating...
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April 16, 2021, 07:22 AM
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Wells Fargo released the results of its 45th annual Construction Industry Forecast, revealing an initial decline in sector sentiment on the tail end of a complicated year, and a renewed optimism for the second half. In November 2020, the bank queried...
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March 17, 2021, 07:10 AM
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Wells Fargo Renewable Energy & Environmental Finance (REEF) announced it recently surpassed $10 billion in tax-equity investments in the wind, solar and fuel cell industries. Wells Fargo has invested in more than 500 projects, helping to finance 12...
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February 26, 2021, 07:00 AM
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The Toronto-Dominion Bank (TD) and Wells Fargo & Company announced a definitive agreement, subject to certain closing conditions, for TD to acquire Wells Fargo's Canadian Direct Equipment Finance business.The acquisition of Wells Fargo's Canadian...
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January 15, 2021, 07:25 AM
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Wells Fargo & Company announced Michelle Moore will join the company as Digital Platform leader, effective Dec. 31. She will report to Ather Williams III, head of Strategy, Digital and Innovation, and will be based in Charlotte, NC.As Digital...
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December 21, 2020, 07:14 AM
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Wells Fargo & Company announced the appointment of Eric Yoss as Chief Risk Officer (CRO) for Corporate & Investment Banking (CIB), reporting to enterprise CRO Mandy Norton. Yoss will join the company on Feb. 1. His appointment completes the...
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December 09, 2020, 07:10 AM
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Wells Fargo is laying off up to 700 employees in it commercial banking unit as part of a cost cutting measure that will save the bank up to $10 billion, according to multiple press reporting.The news was originally reported by Bloomberg News, citing...
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October 09, 2020, 07:25 AM
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Wells Fargo Corporate & Investment Banking, a division of Wells Fargo & Company, announced Greg Thorne has joined its Technology, Media, and Telecom (TMT) Coverage group as a Managing Director focused on software investment banking. Based in San...
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September 18, 2020, 07:15 AM
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Wells Fargo & Company announced the appointment of six new Corporate Risk leaders as part of its enhanced Risk model to further strengthen the independent oversight of all risk-taking activities and a more comprehensive view of risk across the...
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August 14, 2020, 07:28 AM
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Wells Fargo & Company announced Mike Santomassimo will join the company in fall 2020 as Chief Financial Officer. Santomassimo will report to CEO Charlie Scharf and serve on the company’s Operating Committee. He will succeed John Shrewsberry, who has...
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July 22, 2020, 07:20 AM
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Wells Fargo & Company announced that Ather Williams III will join the company in October as head of Strategy, Digital and Innovation. Williams will report to CEO Charlie Scharf and serve on the company’s Operating Committee.“Ather is a strong...
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July 21, 2020, 07:20 AM
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Following an April industry-leading commitment to donate all gross processing fees from the Paycheck Protection Program, Wells Fargo unveiled the details of an approximately $400 million effort to help small businesses impacted by the ongoing...
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July 10, 2020, 07:20 AM
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Wells Fargo & Company announced Barri Rafferty will join the company to lead the Corporate Communications function. She will report to Bill Daley, Vice Chairman of Public Affairs, and sit on the company’s Management Committee.“Barri is a strategic...
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June 23, 2020, 07:12 AM
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Wells Fargo Corporate & Investment Banking (CIB), a division of Wells Fargo & Company, announced Jay Bryson has been named Chief Economist for its division.“Under Jay’s leadership, our economics group has made a significant impact across the...
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June 09, 2020, 07:14 AM
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Wells Fargo & Company announced the appointment of two new Corporate Risk leaders and an enhanced organizational structure designed to provide greater oversight of all risk-taking activities and a more comprehensive view of risk across the company....
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June 01, 2020, 07:25 AM
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Wells Fargo & Company announced two new leaders joining the Technology organization. Chintan Mehta was named Chief Information Officer (CIO) and head of Digital Technology & Innovation, and Munish Kumar was named CIO and head of Wealth & Investment...
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May 11, 2020, 07:20 AM
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Wells Fargo & Company announced Lester Owens will join the company in the newly created role of Head of Operations, responsible for building a more unified and more integrated approach to Wells Fargo’s business operations functions.Owens, who is to...
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April 28, 2020, 07:25 AM
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Wells Fargo & Company announced Ellen Patterson will join the company as its Senior Executive Vice President and General Counsel, effective March 23. Reporting to CEO Charlie Scharf, Patterson will be responsible for all legal affairs at the company...
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March 16, 2020, 07:15 AM
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Wells Fargo Commercial Distribution Finance (CDF), part of Wells Fargo & Company, announced a seven-year extension of its inventory financing program with motorcycle manufacturer KTM. The exclusive agreement, which currently serves more than 600...
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March 04, 2020, 07:20 AM
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Wells Fargo & Company announced it has entered into agreements with the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) to resolve these agencies’ investigations into the company’s historical Community Bank...
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February 24, 2020, 07:25 AM
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Wells Fargo & Company announced the appointment of several new business leaders and changes designed to create a flatter line of business organizational structure and provide leaders with clear authority, accountability and responsibility. The new...
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February 12, 2020, 07:30 AM
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Eight ex-Wells Fargo & Co. executives are facing a record $59 million in fines and the bank’s former CEO received a ban from the industry as regulators took unprecedented steps in holding individuals to account for corporate scandals, Bloomberg...
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January 24, 2020, 07:30 AM
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Wells Fargo Rail, part of Wells Fargo & Company, named 14-year company veteran Tim Kubiak as Executive Vice President and Head of Wells Fargo Rail, reporting to Bill Mayer, head of Equipment Finance.In this new role, Kubiak will lead all functions...
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January 08, 2020, 07:27 AM
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