Daily News: July 1, 2014

Wells Fargo Merges Two Units Focused on Corporate ABL

The Wall Street Journal reported that internal memos reveal Wells Fargo is making some changes to its capital finance team in an effort to expand the business.

According to the Journal , the bank by assets is combining its Business Finance and Business Credit units, erasing the divide between corporate ABL deals above and below $35 million, which had previously been handled by separate staffs, according to the memos.

To read the entire WSJ article, click here.