Wells Fargo

Wells Fargo CEO Scharf sees swift recovery for US economy in 2021 as vaccines are rolled out

December 9, 2020

CNBC Wells Fargo CEO Charlie Scharf said Tuesday that the U.S. economy will probably rebound quickly from the coronavirus next year after vaccines are widely distributed. As head of the fourth-biggest U.S. bank by assets, Scharf has a unique view into the saving and spending activity of millions of Americans. Government action at the start of the pandemic was “extremely

United States Oil Fund gets Wells notice from SEC

August 19, 2020

Reuters The United States Oil Fund LP, the country’s largest crude exchange-traded fund, said on Wednesday it received a Wells notice from the U.S. Securities and Exchange Commission. The Wells notice states that SEC staff have made a preliminary determination to recommend that the U.S. securities regulator file an enforcement action against USO, United States Commodity Fund LLC and its

U.S. Shale Producer Devon in Talks to Acquire Peer WPX-oag360

Small U.S. oil and gas companies get cold shoulder from large banks

October 28, 2019

Reuters The largest banking lenders to the U.S. oil and gas sector are becoming more cautious, marking down their expectations for oil and gas prices that underpin loans in a move expected to put further financial stress on struggling producers, industry and banking sources said. Major banks including JPMorgan Chase (JPM.N), Wells Fargo (WFC.N), and Royal Bank of Canada (RY.TO)

Wells Fargo Leadership Transitions

June 24, 2019

Wells Fargo Renewable Energy Leadership Transitions

Wells Fargo Securities Hires Scott Van Bergh as Vice Chairman of Energy & Power Investment Banking

July 24, 2018

Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo & Company (NYSE: WFC), announced today that Scott Van Bergh has joined as vice chairman in the Energy & Power Investment Banking group. Van Bergh will provide advice and guidance to customers within the energy sector, with a particular emphasis on upstream oil and gas clients. He

Oil Prices bring new thinking to Energy Companies

What are Energy Companies Thinking as they Head into 2015?

December 15, 2014

Dropping Oil Prices = Changing Landscape for E&Ps, Midstream, OilService Companies At last week’s 2014 Energy Symposium hosted by Wells Fargo Securities at the Waldorf Astoria, the sentiment expressed by the energy companies was far different from what had been coming out of similar meetings before a global oil price slide which began in the summer of 2014. Midstream companies presenting at