Yizhu Wang

New York

Regional Banking Reporter at Bloomberg News

I cover Wells Fargo and regional banks at @business. Proud alumni of @SPGMarketIntel @mergermarket. Opinions my own

Articles

Wells Fargo Nears End of Scandal Era With Just Fed Cap Left (1)

2 weeks ago | news.bloombergtax.com | Yizhu Wang

Wells Fargo & Co. resolved another regulatory punishment after a top US regulator terminated a 2015 order against the bank, leaving it with one major hurdle to clear before it can put a series of scandals behind it. The Office of the Comptroller of the Currency ended the agreements which related to Wells Fargo’s previously held financial subsidiaries, the bank said in a statement Thursday. It was the 13th consent order closed by banking regulators since 2019, Wells Fargo said.
Bank Lending to Private Credit Funds Swells 145% in Five Years - Bloomberg

2 weeks ago | bloomberg.com | Carmen Arroyo |Yizhu Wang

Wall Street banks have emerged as the staunchest financial supporters of the $1.7 trillion private credit industry, with the volume of their loans to private debt funds soaring 145% over the past five years.
Wells Fargo Agrees to Sell Railcar Assets to Brookfield, GATX

2 weeks ago | news.bloombergtax.com | Yizhu Wang

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
Wells Fargo Agrees to Sell Railcar Assets to Brookfield, GATX

2 weeks ago | news.bloomberglaw.com | Yizhu Wang

Wells Fargo & Co. agreed to sell the assets of its rail equipment leasing business to a venture between Brookfield Infrastructure Partners and GATX Corp. as the bank continues to refocus on its core lending and advisory businesses. The sale includes Wells Fargo’s portfolio of rail operating lease assets, which have a book value of about $4.4 billion, as well as its rail finance lease portfolio, the bank said Thursday in a statement.
Wells Fargo Agrees to Sell Railcar Assets to Brookfield, GATX

2 weeks ago | bloomberg.com | Yizhu Wang

Gravel in railcars at a Union Pacific rail terminal in City of Industry, California, US, on Thursday, Dec. 1, 2022. The House passed legislation aimed at averting a crippling nationwide US freight rail strike, sending it to the Senate, which could take action as soon as this week. Photographer: Bing Guan/Bloomberg(Bloomberg) -- Wells Fargo & Co. agreed to sell the assets of its rail equipment leasing business to a venture between Brookfield Infrastructure Partners and GATX Corp.
Wells Fargo Nears End of Scandal Era With Just Fed Cap Remaining

2 weeks ago | news.bloomberglaw.com | Yizhu Wang

Wells Fargo & Co. resolved another regulatory punishment, the seventh this year, as the Office of the Comptroller of the Currency terminated its 2015 agreements relating to the company’s previously held financial subsidiaries. The development represents the 13th consent order closed by banking regulators since 2019, the firm said in a statement Thursday.
Wells Fargo Nears End of Scandal Era With Just Fed Cap Left

2 weeks ago | bloomberg.com | Yizhu Wang

A Wells Fargo bank branch in New York. (Bloomberg) -- Wells Fargo & Co. resolved another regulatory punishment after a top US regulator terminated a 2015 order against the bank, leaving it with one major hurdle to clear before it can put a series of scandals behind it. The Office of the Comptroller of the Currency ended the agreements which related to Wells Fargo’s previously held financial subsidiaries, the bank said in a statement Thursday.
Bank Lending to Private Credit Funds Swells 145% in Five Years

2 weeks ago | news.bloombergtax.com | Carmen Arroyo |Yizhu Wang

Wall Street banks have emerged as the staunchest financial supporters of the $1.7 trillion private credit industry, with the volume of their loans to private debt funds soaring 145% over the past five years. US banks, typically in fierce competition with private credit firms, are enabling their rivals’ boom.
Bank Lending to Private Credit Funds Swells 145% in Five Years

2 weeks ago | news.bloomberglaw.com | Carmen Arroyo |Yizhu Wang

Wall Street banks have emerged as the staunchest financial supporters of the $1.7 trillion private credit industry, with the volume of their loans to private debt funds soaring 145% over the past five years. US banks, typically in fierce competition with private credit firms, are enabling their rivals’ boom.
Wells Fargo Confident on Its Work for Asset-Cap Lift, CEO Says

2 weeks ago | news.bloombergtax.com | Yizhu Wang

Wells Fargo & Co. is far along the path to fulfill requirements for the Federal Reserve to ultimately end a growth ban that’s hung over the bank for more than seven years, Chief Executive Officer Charlie Scharf said. “I don’t speak for the Fed in terms of timing,” Scharf said Wednesday at the Bernstein Strategic Decisions Conference. “They’re got a very, very diligent process that they go through.

Contact details

Emails

[email protected]

Socials & Sites

Try JournoFinder For Free

Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.

Start Your 7-Day Free Trial →

Coverage map

X (formerly Twitter)

Followers: 1K
Tweets: 1K
DMs Open: No

Wang Yizhu

Wang Yizhu @Yizhu_Wang_

28 Mar 25

RT @YPFSatYale: “The inevitability [for private credit] is that funding is going to keep coming from the banking system,” says YPFS's @Stev…

Wang Yizhu

Wang Yizhu @Yizhu_Wang_

5 Dec 24

RT @business: The Citizens CEO said his company’s unsuccessful fight with JPMorgan to acquire First Republic was the best outcome for the l…

Wang Yizhu

Wang Yizhu @Yizhu_Wang_

4 Dec 24

RT @talkingbiznews: .@Yizhu_Wang_ hired by @business to cover regional banks: https://t.co/YxNFbYzUPn