Wells Fargo Equipment Finance announced the appointment of 30-year industry veteran Jim Kelly to lead the new Wells Fargo Vendor Financial Services group, which includes the combined GE and Wells Fargo vendor platforms. Based in Irving, Texas, Kelly...
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April 27, 2016, 07:34 AM
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Wells Fargo & Company announced that it has signed an agreement to purchase GE Capital’s Vendor Finance and Commercial Distribution Finance platforms as well as a portion of its Corporate Finance business. The acquisition includes total assets of...
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October 14, 2015, 07:10 AM
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GE has reached an agreement to sell GE Capital’s global Commercial Distribution Finance, North American Vendor Finance and Corporate Finance platforms to Wells Fargo. The sale includes ending net investment (ENI) of approximately $30 billion (about...
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October 13, 2015, 11:05 AM
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According to an exclusive Reuters report, GE is in advanced talks to sell a specialty finance portfolio, worth more than $30 billion, to Wells Fargo & Co, according to a person familiar with the matter.According to the Reuters report, Wells Fargo has...
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October 12, 2015, 07:15 AM
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GE Capital, Equipment Finance announced that it is expanding its financing program for dealers to purchase construction equipment for use in their rental fleets. About half of U.S. dealers offer rentals in addition to sales — a figure that’s expected...
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January 28, 2014, 07:00 AM
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