SAN FRANCISCO - June 21, 2011
Wells Fargo & Company (NYSE: WFC) announced today that Wells Fargo was named “Best Trade Bank in the USA” by Trade Finance magazine. Winners of the 14th annual Award for Excellence were selected by a Trade Finance reader’s poll. Evaluating financial institutions on their level of expertise and customer service, online votes were collected across all regions and categories in the magazine’s annual competition.
“We are honored the readers of Trade Finance have recognized Wells Fargo. This award reflects our continued commitment to best serve our customer’s global financial needs,” said Richard Yorke, head of Wells Fargo’s International Group. “As more of our customers conduct business globally, Wells Fargo has developed the financial resources, technology platforms and global network to successfully help them build and manage their trade business.”
Through the International Group, Wells Fargo provides a wide range of financial services to companies engaged in international commerce – both import and export -- including middle-market multinational companies, large corporations, financial institutions and foreign-owned companies. Customers have access to traditional trade solutions, including letters of credit, documentary collections, open account services, online trade management tools, as well as cross-border financing.
“Access to trade finance remains a top priority, especially in the U.S. where the goal to double exports by 2015 will support efforts to create jobs and reinvigorate the economy,” said Oliver O’Connell, New York-based editor of Trade Finance magazine. “Winning the Best Trade Bank in the USA category reflects Wells Fargo’s commitment to ensuring that American companies have access to the services they need to grow in the highly competitive global trade arena.”
The Trade Finance Awards for Excellence is considered the most comprehensive poll of the global trade finance market, revealing which institutions lead by market sector and on a country-by-country basis. Voting for the Awards of Excellence is conducted from early April to mid-May each year through the magazine’s website (www.tradefinancemagazine.com) Winners will be recognized at the annual awards event in New York on June 23.
About Wells Fargo
Wells Fargo International Group serves small businesses, corporations, financial institutions, multilateral organizations and individuals with a wide range of international solutions from more than 30 global locations, including branches in Hong Kong, London, Seoul, Shanghai, Singapore, Taipei, Tokyo and the Cayman Islands.
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.2 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With approximately 280,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 19 on Fortune’s 2010 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.