Wells Fargo loan book swells $48bn in Q1

The amount of loans held by Wells Fargo surged 5% in the first three months of 2020 to over $1 trillion, as corporate customers drew on credit lines to weather the coronavirus crisis.

As of end-March, commercial and consumer loans totalled $1.01 trillion, up from $962.3 billion at end-2019. Commercial loans grew by $52 billion (+10%) from the previous quarter to $567.7 billion, driven up by clients utilising existing revolving credit lines. The bank disclosed $80 billion of gross draws on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: