trending Market Intelligence /marketintelligence/en/news-insights/trending/yZEDKcGIeeykpiiWIgv7NA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Wells Fargo to reorganize auto lending unit

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Report: Wells Fargo to reorganize auto lending unit

Wells Fargo & Co. plans to reorganize its auto lending unit to better control risks, Reuters reported July 27, citing an internal memo confirmed by the company.

The company plans to consolidate 57 regional offices of Wells Fargo Dealer Services and eliminate the regional managers in those offices, the news outlet added. In connection with this, the unit's loan funding division will move to two central hubs in Chandler, Ariz., and Irving, Texas, while the credit underwriting and sales divisions will remain in local markets under a new management structure.

Wells spokeswoman Catherine Pulley declined to comment on the number of employees that will be affected by the reorganization, Reuters wrote.

The company, still reeling from the fallout of its fake-account scandal, recently disclosed that about 570,000 of its auto loan customers were charged with insurance premiums they did not need. Wells had previously indicated it would be easing up on its auto lending and willing to cede market share to manage risks.