Business

Wells Fargo stops giving loans to most independent car dealerships

(Reuters) – Wells Fargo & Co (WFC.N) will stop providing loans to a majority of its independent auto dealer customers due to the economic challenges brought on by the COVID-19 pandemic, a spokeswoman said on Tuesday. “We are doing everything we can to help customers weather the economic impacts of this health crisis … we […]

Business

Wells Fargo reveals new risk management structure

(Reuters) – Wells Fargo & Co (WFC.N) on Friday appointed Kevin Reen as chief risk officer (CRO) for its consumer lending arm and Bill Juliano to lead its operational risk management team as it revealed a new organizational structure to provide risk oversight. The company said it would also search for CROs for its commercial, […]