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News Stories (25 Results) - Wells Fargo & Company

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... Read Story
May 07, 2021, 07:20 AM


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... Read Story
May 04, 2021, 07:20 AM


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... Read Story
April 16, 2021, 07:22 AM


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... Read Story
March 17, 2021, 07:10 AM


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... Read Story
February 26, 2021, 07:00 AM


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... Read Story
January 15, 2021, 07:25 AM


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... Read Story
December 21, 2020, 07:14 AM


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... Read Story
December 09, 2020, 07:10 AM


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... Read Story
October 09, 2020, 07:25 AM


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... Read Story
September 18, 2020, 07:15 AM


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... Read Story
August 14, 2020, 07:28 AM


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... Read Story
July 22, 2020, 07:20 AM


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... Read Story
July 21, 2020, 07:20 AM


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... Read Story
July 10, 2020, 07:20 AM


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... Read Story
June 23, 2020, 07:12 AM


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... Read Story
June 09, 2020, 07:14 AM


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.... Read Story
June 01, 2020, 07:25 AM


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... Read Story
May 11, 2020, 07:20 AM


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... Read Story
April 28, 2020, 07:25 AM


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... Read Story
March 16, 2020, 07:15 AM


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... Read Story
March 04, 2020, 07:20 AM


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... Read Story
February 24, 2020, 07:25 AM


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... Read Story
February 12, 2020, 07:30 AM


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... Read Story
January 24, 2020, 07:30 AM


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... Read Story
January 08, 2020, 07:27 AM