Wells Fargo
| Use attributes for filter ! | |
| Web site | www.wellsfargo.com |
|---|---|
| Stock price | WFC |
| Disclaimer | |
| Ceo | Charles W. Scharf |
| Headquarters | San Francisco |
| California | |
| United States | |
| Number of locations | 8,050 branches (2018); 13,000 ATMs (2018) |
| Members | c. 70 million (2018) |
| Founders | William Fargo |
| Did you know | Wells Fargo is the fourth-largest bank in the US by total assets ($1,872 B). |
| Phone | 1 (800) 869-3557 |
| Founded | New York |
| New York | |
| United States | |
| Stock quote | WFC |
| Disclaimer | |
| Presidents | Charles W. Scharf |
| Date of Reg. | |
| Date of Upd. | |
| ID | 405668 |
About Wells Fargo
Wells Fargo & Company is an American multinational financial services company with a significant global presence. The company operates in 35 countries and serves over 70 million customers worldwide.
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Laura Ashley agrees a loan deal for the survival fight
Struggling retailer Laura Ashley has secured a loan to Finance their day-to-day operations following speculation about its survival.
The Fashion and home store had already been in talks US bank Wells Fargo on the conditions for drawing on a £20m loan.
shares in Laura Ashley rose 45% on the news, recovering from falls earlier in the week.
with a turnover of half of 2019 increase of almost 11% in the second year.
He said that its main shareholder, the Malaysian group MUI, had been in talks with Wells Fargo over the funds to allow it to trade more.
The entity's share price took a hit after The Company said it had to have shrunk to a decline in the sales of larger, more expensive products, and the customer Deposit level. This in turn provoked a limit on how much it might draw from the credit facility with Wells Fargo .
Laura Ashley said that it should be in the position to make The Money "its immediate financing needs." The Group does not mean, however, that The Money was "syringe a financial".
fighting to stay relevantfor the closure, in the midst of hard times on the British High Street. Total group sales fell 10. 8% to £109. 6m in the second half of the year 2019.
Founded in 1953, Laura Ashley was a prominent name on The High Street And One of The World 's leading apparel brands in the 1970s and 1980s.
But it has struggled to remain relevant, with the share of 90% tumble over the last five years.
Independent retail analyst Teresa Wickham said that the brand was The First to tap into the major trends a few decades ago, but they had lost their way".
she added: "There is no clear strategy when It Comes to Laura Ashley - it is hard to know whether it were a piece of furniture, the household or to store clothes.
"need The brand to do some work to identify who your most important customers right now. The people are in search of vintage, original so there is certainly entering a market. "
retailing, uk high streets, laura ashley holdings
Source of news: bbc.com
Wells Fargo Photos
