Centerbridge Partners and Wells Fargo & Company announced they are entering into a strategic relationship focused on direct lending to non-sponsor North American middle market companies. To meet the alternative credit needs of this segment...
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September 27, 2023, 08:15 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 22, 2023, 08:05 AM
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Wells Fargo announced that Perry Pelos will retire from the company in April 2022 and that 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, 08:09 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, 08:00 AM
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Wells Fargo Corporate & Investment Banking, a division of Wells Fargo & Company, announced that Lucy To has joined its Healthcare Coverage group as a managing director focused onthe biotech investment banking sector. Based in New York, To will report...
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October 19, 2020, 09:00 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, 09:00 AM
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Wells Fargo & Company (NYSE: WFC) today announced that Ather Williams III will join the company in October 2020 as head of Strategy, Digital and Innovation. Williams will report to CEO Charlie Scharf and serve on the company’s Operating...
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July 21, 2020, 09:00 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, 09:10 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, 09:10 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, 09:05 AM
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Wells Fargo & Company announced that Richard Levy, executive vice president and chief accounting officer, has decided to retire after 18 years with the company. Levy, 62, will remain with the company through March 31.“Throughout his tenure at Wells...
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March 09, 2020, 08:45 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, 09:10 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, 09:10 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, 09:10 AM
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Wells Fargo & Company announced Price Sloan will join the company as Chief Strategic Enterprise Risk Officer, effective Jan. 13. Sloan, a financial services industry veteran with extensive legal and risk management experience, will report to Chief...
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January 07, 2020, 09:10 AM
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Wells Fargo & Company announced that Muneera Carr will join the company as controller, effective January 6, 2020. Carr, a financial services industry veteran, will report to Richard Levy, who will continue to act in his existing capacity as Wells...
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December 16, 2019, 08:00 AM
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Wells Fargo & Company announced General Counsel C. Allen Parker has made the decision to leave the company effective March 31, 2020, to pursue other business opportunities. Parker joined Wells Fargo as General Counsel in March 2017, served as interim...
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November 14, 2019, 09:05 AM
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Wells Fargo & Company announced Kara McShane has been named Head of Commercial Real Estate (CRE) within the company’s Wholesale Banking group. She will assume this role on Feb. 14, 2020, upon Mark Myers’ retirement.“Kara is an exceptional leader who...
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November 13, 2019, 09:01 AM
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Wells Fargo & Company announced that William M. Daley has been named Vice Chairman of Public Affairs, effective November 13, 2019. Daley will serve on the Operating Committee and will report directly to CEO Charles Scharf.“I am delighted to welcome...
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November 08, 2019, 09:00 AM
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Wells Fargo Wholesale Banking, a division of Wells Fargo & Company, announced that Paul Whyte is joining its Corporate & Investment Banking (CIB) and Commercial Real Estate (CRE) groups, effective November 12, as a managing director focused on real...
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November 06, 2019, 08:55 AM
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Wells Fargo & Company announced that Mark Myers, Executive Vice President and head of Commercial Real Estate (CRE) within the company’s Wholesale Banking group, has shared his intention to retire. Myers, 64, has been with Wells Fargo for 39 years...
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November 05, 2019, 08:50 AM
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Wells Fargo & Company announced that Patricia Sutter, an industry and Wells Fargo veteran, has been named head of Wells Fargo Corporate Trust Services (CTS), effective October 15. Sutter will remain based in Chicago and report to David Marks, head of...
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October 14, 2019, 09:00 AM
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The Board of Directors of Wells Fargo & Company announced it has named Charles W. Scharf as the company’s Chief Executive Officer and President, and a member of the Board of Directors, effective Oct. 21. Scharf was chairman and CEO of Bank of New...
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September 27, 2019, 09:00 AM
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Wells Fargo & Company announced Tracy Kerrins has been named chief information officer of Enterprise Functions Technology. Kerrins joins the company Oct. 21 reporting to Saul Van Beurden, head of Technology. She is based in Charlotte, N.C.“Tracy has...
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September 17, 2019, 08:00 AM
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Wells Fargo & Company announced the formation of a national Food, Beverage & Agribusiness group, part of the company’s Specialized Industries division within Commercial Banking. The group is led by 24-year industry veteran Monica Cole, who is based...
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September 06, 2019, 09:00 AM
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Wells Fargo Corporate & Investment Banking, a part of Wells Fargo & Company, announced David Lauffer has joined its Healthcare Investment Banking group as a Managing Director covering the biopharma sector. Based in New York, he will report to Omid...
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July 19, 2019, 09:05 AM
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Wells Fargo & Company named Kate Clifford-Toomey as chief operating officer for Corporate Risk, reporting to Chief Risk Officer Mandy Norton. Clifford-Toomey’s first day will be Sept. 3.As chief operating officer, Clifford-Toomey will be responsible...
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June 07, 2019, 08:55 AM
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Wells Fargo & Company announced the leadership team and regional structure for its Commercial Banking business, led by Kyle Hranicky, a 25-year company veteran.With this new structure, Wells Fargo Commercial Banking has more than 6,000 team members...
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June 05, 2019, 08:35 AM
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Wells Fargo & Company announced Chief Executive Officer and President Timothy J. Sloan has informed the Board of Directors of his decision to retire from the company, effective June 30, and to step down as CEO, President and board member effective...
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March 29, 2019, 09:20 AM
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Wells Fargo & Company announced the closing of a $357 million senior loan to Rockpoint Group for the acquisition of One Dag Hammarskjöld Plaza.
One Dag Hammarskjöld is located at 885 Second Avenue in Midtown Manhattan, anchoring the United Nations...
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January 17, 2019, 07:18 AM
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Wells Fargo & Company announced that 33-year banking veteran Alfred (Al) Kenrick will lead Middle Market Banking (MMB) in Silicon Valley, including three offices in Palo Alto, San Jose and Monterey.
Based in Palo Alto, Kenrick now leads a local team...
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September 10, 2018, 07:06 AM
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Wells Fargo & Company announced that 12-year company veteran Megdy Khoury will lead Middle Market Banking in greater Portland as regional manager.Khoury now oversees a local team of nine commercial banking experts who provide credit, treasury...
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September 04, 2018, 08:00 AM
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Emergent BioSolutions Inc. announced that it has entered into an agreement to acquire Adapt Pharma and its flagship product NARCAN® (naloxone HCl) Nasal Spray, the first and only needle-free formulation of naloxone approved by the U.S. Food and Drug...
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August 30, 2018, 08:02 AM
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Wells Fargo & Company announced it has named Amanda “Mandy” Norton as chief risk officer. Norton, a 29-year financial services veteran, most recently served as chief risk officer of consumer and community banking at JPMorgan Chase.Norton will join...
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May 08, 2018, 07:33 AM
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Wells Fargo & Company announced that Senior Executive Vice President Mike Loughlin will retire as the company’s chief risk officer. The company expects to name a successor in the next few months and Loughlin will remain in his current role through...
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January 18, 2018, 08:00 AM
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Wells Fargo & Company announced that effective immediately it has appointed Mary Mack to head the company’s Consumer Lending business, in addition to Community Banking, expanding the senior executive vice president’s responsibilities.Mack’s new role...
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December 19, 2017, 07:00 AM
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Wells Fargo Capital Finance UK Limited, part of Wells Fargo & Company, announced that it acted as the agent and lead arranger for an asset-based credit facility for Arlington Industries, the automotive and aerospace manufacturing company.
Backed by...
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May 26, 2017, 07:17 AM
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Wells Fargo & Company announced that David Marks has been named head of Wells Fargo Capital Finance, the bank’s asset-based lending unit. In his role, Marks will oversee the core business groups of Capital Finance, which provides traditional...
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April 10, 2017, 07:28 AM
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Wells Fargo announced that Henry Jordan, the chairman and chief executive officer of Wells Fargo Capital Finance, will retire on December 31, 2016. Following Jordan’s retirement, Wells Fargo Capital Finance will join Wells Fargo Commercial Capital...
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October 25, 2016, 08:22 AM
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Wells Fargo & Company announced that Chairman and Chief Executive Officer John Stumpf has informed the Company’s Board of Directors that he is retiring from the Company and the Board, effective immediately. The Board has elected Tim Sloan, the...
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October 13, 2016, 07:37 AM
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Wells Fargo & Company (WFC) reported $5.5 billion in net income for a return on assets (ROA) of 1.21%, down 2% on a linked-quarter basis and down 6% from a year ago, according to Fitch Ratings. Earnings were impacted by an expected energy-related...
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April 15, 2016, 07:46 AM
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Wells Fargo & Company announced its Board of Directors has named 28-year company veteran Timothy J. Sloan to be president and chief operating officer, reporting to Chairman and Chief Executive Officer John G. Stumpf, effective immediately.Since 2014...
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November 18, 2015, 07:46 AM
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