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>> WELLS FARGO Latest News

JAN 17, 2013 - MarketWatch

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Wells Fargo plans jet-leasing venture

(Updates with comment from Wells Fargo executive, starting in the fifth paragraph.) Wells Fargo & Co. WFC revealed plans to start its own aircraft-leasing company, switching its focus from lending to ownership in the $100 billion-a-year market for financing commercial jets. U.S. commercial banks long have been active lenders to airlines, but Wells Fargo is the first in 20 years to seek ownership risk in an effort to boost returns from its balance sheet.

Tags: Wells Fargo plans jet-leasing venture,  Wells Fargo Latest News