Wells Fargo & Company Adds Former Ambassador to Israel, Nides, as Vice Chairman
Thomas R. Nides will join Wells Fargo & Company in October as vice chairman, reporting to CEO Charlie Scharf and joining the company’s operating committee.
Thomas R. Nides will join Wells Fargo & Company in October as vice chairman, reporting to CEO Charlie Scharf and joining the company’s operating committee.
Aequum Capital expanded its revolving line of credit led by Texas Capital Bank to $60 million by adding Wells Fargo to the bank lending group. This new financing will further augment Aequum’s significant equity base led by Castlelake.
Mary Mack will retire this summer as CEO of consumer and small business banking (CSBB) at Wells Fargo. Saul Van Beurden, the current head of technology for the company, will succeed Mack, effective May 15.
Fitch Ratings downgraded the long- and short-term issuer default ratings of Wells Fargo & Company to A+/F1 from AA-/F1+. Fitch also downgraded the LT IDR of Wells Fargo Bank to AA-.
Wells Fargo Capital Finance announced it acted as sole lead arranger and bookrunner on a $55 million revolver to be used for working capital and general corporate purposes for Evergreen Enterprises.
Wells Fargo announced Tom Fameree was promoted to head of the company’s growing Regional Commercial Banking Office.
Wells Fargo Capital Finance announced that Michael Janda joined as managing director of its Healthcare Finance team. He previously served in a primary role at a home health company as founder and president of Citra Associates.