Small Business Optimism Falls Again
According to the quarterly Wells Fargo/Gallup Small Business Index, optimism in the sector during Q2/15 fell to 59, down from 64 in April and 71 in January.
According to the quarterly Wells Fargo/Gallup Small Business Index, optimism in the sector during Q2/15 fell to 59, down from 64 in April and 71 in January.
Beacon Roofing Supply announced it will acquire Roofing Supply Group in a transaction valued at $1.1 billion. Citi and Wells Fargo were said to acting as joint lead arrangers on the debt financing.
According to a Zacks Research report, Wells Fargo has officially surpasses the Industrial and Commercial Bank of China to become the world’s most valuable money lender.
Wolverine Worldwide amended its senior secured credit facilities to facilitate an overall increase of $300 million. JPMorgan Chase led the lender group as agent. Wells Fargo and MUFG served as co-syndication agents.
JPMorgan Chase Bank acted as administrative agent for a $400 million credit facility to Urban Outfitters with J.P. Morgan Securities and Wells Fargo Bank as joint lead arrangers and co-book managers.
Wells Fargo announced that Perry Pelos, EVP and group head of the Commercial Banking business will take on an expanded leadership role overseeing Commercial Banking, Corporate Banking and Treasury Management.
According to a report from Bloomberg, bank regulators’ warnings about the risk involved with lending to U.S. drillers has patience from Wall Street lenders waning.
Wells Fargo reported Q2/15 earnings of $5.7 billion were about the same as Q2/14 and matched analysts’ expectations. Total sequential loan growth of $27.2 billion included $11.5 billion from a GE Capital loan purchase.
Wells Fargo reported Q2/15 earnings of $5.7 billion were about the same as Q2/14 and matched analysts’ expectations. Total sequential loan growth of $27.2 billion included $11.5 billion from a GE Capital loan purchase.
Wells Fargo has been given an “A+” credit rating by Morningstar. The research firm’s “A+” rating indicates the company is a low default risk.