WSJ: Banks Present Own Crisis Plan to Fed
The Wall Street Journal reported that several large banks submitted their own collective crisis plan to the Federal Reserve in an effort to preempt more stringent regulations.
The Wall Street Journal reported that several large banks submitted their own collective crisis plan to the Federal Reserve in an effort to preempt more stringent regulations.
Wells Fargo said the U.S. Small Business Administration has named it the Large 7(a) Lender of the Year.
Helix Energy Solutions entered into a credit agreement with a lending group in the amount of $900 million. Merrill Lynch and Wells Fargo Securities acted as joint lead arrangers and joint bookrunning managers.
Erickson Air-Crane amended its five-year revolving credit facility to increase the total availability to $125 million, led by Wells Fargo Bank.
Wells Fargo Commercial Banking has hired former SunTrust executives Thomas Palmer and Brian Combs to serve as SVP/regional manager and SVP/senior relationship manager, respectively in Richmond, VA.
Wells Fargo said it has named Neal Crapo to the new post of Eastern Region head for the company’s recently formed National Food & Agribusiness Division.
Wapiti Energy Holdings closed a $375 million acquisition of producing oil fields properties owned by Layline Petroleum, and its affiliates. Funding was provided by Wells Fargo and Scotiabank.
The WSJ reported that Deirdre McGuinness is leaving her post as a Wells Fargo restructuring banker to help run claims agent firm Kurtzman Carson Consultants as managing director of corporate restructuring.
Wells Fargo said it has approved more SBA 7(a) loan dollars for America’s small businesses than any other lender to date in federal fiscal year 2013.
Laredo Petroleum Holdings announced that its senior secured credit facility was amended to increase the borrowing base to $1 billion from $825 million. Wells Fargo Bank served as administrative agent.