Wells Fargo has completed the purchase of the North American portions of GE Capital 's Commercial Financial Finance and Vendor Finance businesses , as well as a portion of its Corporate Finance businesses , totalling around $ 27.4bn in loans , including about $ 24bn of loans . global Fargo 's chairman , bill Sloan , said " the completion of this transaction strengthens our capabilities and carries out business relationships in key commercial lending markets across the US and internationally " .
Wells Fargo has completed the purchase of the North American portions of GE Capital's Commercial Distribution Finance and Vendor Finance businesses, as well as a portion of its Corporate Finance businesses, totalling around $27.4bn in assets, including about $24bn of loans. Wells Fargo's President, Tim Sloan, said "the completion of this transaction strengthens our capabilities and deepens out customers relationships in key commercial lending markets across the US and Canada".