Fargo

Wells Fargo and Allspring Collaborate on New Money Market Fund Share Class to Benefit Native American Communities

Retrieved on: 
Monday, November 6, 2023
Finance, Banking, Professional Services, Philanthropy, Socially Responsible Investing, DEI (Diversity, Equity and Inclusion), Fund Raising, University, Asset Management, Education, Capital market, Investment banking, NYSE, Paramount Global, Wells Fargo, Horse, Native Americans, WFC, Workforce, Organization, Fargo, Multimedia, Student, Alaska Natives, Pharmaceutical industry, Jewellery, Allspring Global Investments, Native

Wells Fargo & Company (NYSE: WFC) today announced it is working with Allspring Global Investments, a global asset management firm, to launch a Tribal Inclusion share class for the Allspring Government Money Market Fund, which will be offered exclusively to Wells Fargo corporate clients.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today announced it is working with Allspring Global Investments, a global asset management firm, to launch a Tribal Inclusion share class for the Allspring Government Money Market Fund, which will be offered exclusively to Wells Fargo corporate clients.
  • The Tribal Inclusion share class is the first money market product with a charitable donation feature focused on benefiting tribal communities in the United States.
  • View the full release here: https://www.businesswire.com/news/home/20231106239293/en/
    “As a long-term supporter of Native American and Alaska Native communities, we are delighted to partner with Allspring on the launch of their first money market fund share class focused on benefiting tribal communities,” said Randall Lacayo, head of Diverse Segments, Capital Markets, Wells Fargo Corporate & Investment Bank.
  • Wells Fargo is pleased to share that Paramount Global and several Native American tribal governments will be among the inaugural investors in the Tribal Inclusion share class, supporting today’s launch.

Performant Financial Corporation Announces Completion of Debt Refinancing

Retrieved on: 
Wednesday, November 1, 2023
Technology, Health, Finance, Professional Services, Payments, Practice Management, Software, Managed Care, Hospitals, Data Analytics, Health Technology, Fintech, Health Insurance, Data Management, Well, Wells Fargo, Government, Medicare, Fargo, Growth, Partnership, CFO, CMS, Bank, Health insurance, Pay for performance (healthcare), Medicaid, Blues

Performant Financial Corporation (Nasdaq: PFMT) (Performant), primarily operating as Performant Healthcare Solutions, a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today the completion of a refinancing of its existing credit facility with a new credit facility with Wells Fargo that has a $25 million revolving loan commitment, subject to customary asset-based loan borrowing base limitations.

Key Points: 
  • Performant Financial Corporation (Nasdaq: PFMT) (Performant), primarily operating as Performant Healthcare Solutions, a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today the completion of a refinancing of its existing credit facility with a new credit facility with Wells Fargo that has a $25 million revolving loan commitment, subject to customary asset-based loan borrowing base limitations.
  • “We are excited about this new commitment from Well Fargo and the anticipated savings of up to 100 basis points in interest expense, combined with a smaller debt footprint,” said Simeon Kohl, CEO at Performant.
  • Performant is a leading provider of these services in several markets, including Medicare, Medicaid, and commercial healthcare.
  • Performant has been providing healthcare recovery audit services for more than a decade and works with leading national payers, regional payers, and Blues plans.

Vice Chairman Thomas R. Nides to Leave Wells Fargo and William M. Daley to Return to Prior Role

Retrieved on: 
Friday, October 27, 2023
Professional Services, Philanthropy, Small Business, Other Philanthropy, Finance, Banking, Public affairs, Investment management, NYSE, Housing, Wells Fargo, Government, Nides, Commercial bank, Investment banking, Wealth, WFC, Corporation, Fargo, Multimedia, News, UJA-Federation of New York, Jewish Federations of North America

Wells Fargo today announced that its Vice Chairman, Thomas R. Nides, has decided to leave the company to return his attention to events in the Middle East.

Key Points: 
  • Wells Fargo today announced that its Vice Chairman, Thomas R. Nides, has decided to leave the company to return his attention to events in the Middle East.
  • View the full release here: https://www.businesswire.com/news/home/20231027595708/en/
    Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)
    William M. Daley, Wells Fargo’s Vice Chairman of Public Affairs until last month, will return to his prior role, effective immediately.
  • I wish them, and all of you, nothing but great success.”
    Wells Fargo CEO Charlie Scharf said: “I am wholly supportive of Tom’s decision.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Wells Fargo to Present at the BancAnalysts Association of Boston Conference

Retrieved on: 
Thursday, October 26, 2023
Banking, Professional Services, Finance, Investment management, Housing, NYSE, Wells Fargo, Commercial bank, Investment banking, Wealth, WFC, Corporation, Conference, Fargo, Credit, Multimedia, News, Webcast

Wells Fargo & Company (NYSE: WFC) said today that CEO of Consumer Lending Kleber Santos will present at the BancAnalysts Association of Boston Conference on Thursday, Nov. 2, 2023 at 8:55 a.m.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) said today that CEO of Consumer Lending Kleber Santos will present at the BancAnalysts Association of Boston Conference on Thursday, Nov. 2, 2023 at 8:55 a.m.
  • View the full release here: https://www.businesswire.com/news/home/20231026202513/en/
    A replay of the webcast will be available for three months following the presentation.
  • Wells Fargo ranked No.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Wells Fargo & Company Announces Common Stock Dividend

Retrieved on: 
Tuesday, October 24, 2023
Banking, Professional Services, Finance, WFC, Wells Fargo, Fargo, NYSE, Wells Fargo Center, Multimedia, Holding company

Wells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.35 per share, payable Dec. 1, 2023, to stockholders of record on Nov. 3, 2023.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.35 per share, payable Dec. 1, 2023, to stockholders of record on Nov. 3, 2023.
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20231023609524/en/
    Wells Fargo Bank branch located in the Wells Fargo Center (Photo: Wells Fargo)

Wells Fargo Reports Third Quarter 2023 Financial Results

Retrieved on: 
Friday, October 13, 2023
Finance, Banking, Professional Services, Asset Management, Fintech, Multimedia, NYSE, News, Corporation, Investment banking, WFC, Investment management, Wells Fargo, Commercial bank, Wealth, Fargo, Security (finance), Housing

Wells Fargo & Company (NYSE: WFC) has released its third quarter 2023 financial results.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) has released its third quarter 2023 financial results.
  • The financial results are available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and on a Form 8-K filed by the company with the Securities and Exchange Commission (SEC) on Oct. 13, 2023, and available on the SEC’s website at www.sec.gov .
  • View the full release here: https://www.businesswire.com/news/home/20231012576561/en/
    Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)
    The company will host a live conference call on Friday, Oct. 13, at 10:00 a.m. Eastern time.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Wells Fargo to Announce Third Quarter 2023 Earnings on Oct. 13, 2023

Retrieved on: 
Friday, October 6, 2023
Banking, Professional Services, Finance, Multimedia, NYSE, News, Corporation, Investment banking, WFC, Investment management, Wells Fargo, Commercial bank, Wealth, Fargo, Security (finance), Housing

Wells Fargo & Company (NYSE: WFC), as previously announced, will report its third quarter 2023 earnings results on Friday, Oct. 13, 2023, at approximately 7:00 a.m. Eastern time.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC), as previously announced, will report its third quarter 2023 earnings results on Friday, Oct. 13, 2023, at approximately 7:00 a.m. Eastern time.
  • In addition to being available on the company’s Investor Relations website, the earnings results also will be available on the Securities and Exchange Commission website at https://www.sec.gov .
  • View the full release here: https://www.businesswire.com/news/home/20231006295846/en/
    The company will host a live conference call on Friday, Oct. 13, at 10:00 a.m. Eastern time.
  • News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Wells Fargo Sells Private Equity Fund Investments

Retrieved on: 
Friday, September 29, 2023
Banking, Professional Services, Finance, Partnership, Norwest Venture Partners, Lazard, Fargo, Wells Fargo, AlpInvest Partners, Multimedia, WFC, Pantheon, Investment, NMP, NEP, Lexington Partners, NYSE, Financial services

Wells Fargo & Company (NYSE: WFC) announced today that it has sold to a group of leading investors approximately $2 billion of private equity investments in certain Norwest Equity Partners (NEP) and Norwest Mezzanine Partners (NMP) funds.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) announced today that it has sold to a group of leading investors approximately $2 billion of private equity investments in certain Norwest Equity Partners (NEP) and Norwest Mezzanine Partners (NMP) funds.
  • View the full release here: https://www.businesswire.com/news/home/20230929585934/en/
    Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)
    “With this transaction, we are continuing with our strategic efforts to focus on Wells Fargo’s core businesses and customers,” said Wells Fargo Chief Financial Officer Mike Santomassimo.
  • “We are incredibly grateful to Wells Fargo for their long-term partnership and continued support,” said Tim DeVries, NEP Managing Partner.
  • Separately, Wells Fargo will continue its relationship and investments with Norwest Venture Partners, a venture capital and growth equity investment firm.

Thomas R. Nides to Join Wells Fargo as Vice Chairman

Retrieved on: 
Friday, September 22, 2023
Banking, Professional Services, Finance, Social responsibility, Morgan Stanley, State, Vice, Women in Science Hall of Fame (U.S. State Department), Public affairs, Life, Fargo, Lobbying, Politics, Wells Fargo, Corporate communication, Public policy, Multimedia, Credit Suisse, Burson Cohn & Wolfe, WFC, Delhi Sikh Gurdwara Management Committee, U.S. Army Community Relations, Corporate branding, Knowledge, United, NYSE, Management

Wells Fargo & Company (NYSE: WFC) announced today 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.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) announced today 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.
  • View the full release here: https://www.businesswire.com/news/home/20230922907701/en/
    As Vice Chairman, Tom will have a broad role across the company.
  • He will be a close advisor to Wells Fargo senior management on a range of issues, including banking and management, and he will work alongside the company’s business heads as it continues to expand client relationships.
  • Tom will be instrumental to that work.”
    Tom Nides said, “I am excited to join Wells Fargo at this pivotal time in the company’s transformation journey.

Wells Fargo Announces Retirement of William M. Daley, Vice Chairman of Public Affairs, at the End of 2023

Retrieved on: 
Thursday, September 7, 2023
Professional Services, Business, Finance, Asset Management, Banking, Accounting, JPMorgan Chase, AT&T, Small business, Housing, Public affairs, BNY Mellon, Fargo, Lobbying, Corporate communication, History of AT&T, Commerce, Executive Committee, U.S. Army Community Relations, Corporate branding, Central Executive Committee of the Pakistan Peoples Party, Wells Fargo, Management

Wells Fargo today announced that William M. Daley, the company’s vice chairman of Public Affairs, will retire at the end of this year.

Key Points: 
  • Wells Fargo today announced that William M. Daley, the company’s vice chairman of Public Affairs, will retire at the end of this year.
  • Daley joined Wells Fargo in 2019 from BNY Mellon to lead Public Affairs, a newly created corporate function spanning Government Relations, Corporate Communications, Corporate Branding, Community Relations, the Wells Fargo Foundation, and other areas.
  • “Bill has been an invaluable asset to the company,” said Charlie Scharf, Wells Fargo’s CEO and president.
  • “We’ve made real progress in improving Wells Fargo’s standing in the public eye.