The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Best Financial Borrowers

US: Wells Fargo

Wells Fargo is generally regarded as one of the best banks in the US, if not the world, at executing its mergers. Or rather, that's the reputation of the old Norwest team that took over the old Wells Fargo in 1998. Over the past 18 months that overall success has filtered down into the bank's bond market borrowing operations.

There are actually two funding entities, Wells Fargo Corporation and Wells Fargo Financial, which was called Norwest Financial until last year. The former is the bigger issuer, but that's not to underplay the latter, says Jake Gearhart, a vice-president in debt capital markets for Deutsche Bank in New York. "Norwest Financial was one of the best names in the business, and still is under its new guise."

Previously an opportunistic borrower of MTNs of no more than $300 million at a time, it has spent the past year moving over to liquid global deals. "We and Salomon lead-managed their $500 million inaugural global in February," says Gearhart.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree