SAN FRANCISCO - June 12, 2012
For the second consecutive year, Wells Fargo & Company (NYSE: WFC) was named “Best Trade Bank in the USA” by Trade Finance magazine. Selected through an online reader’s poll, winners of the 15th annual Awards for Excellence were evaluated on their level of expertise and customer service. Recognizing its continued support of financial institutions in trade finance, the company was also voted “Best Financial Institution Trade Servicing Bank.”
“Wells Fargo has shown once again that it’s playing an increasingly important role in global trade. Access to trade finance remains a priority and a key part of efforts to stimulate economic growth,” said Oliver O’Connell, New York-based editor of Trade Finance magazine. “Winning the Best Trade Bank in the USA category for the second year in a row reflects Wells Fargo’s commitment to ensuring that American companies have access to trade finance – this has also been demonstrated by the bank winning the overall award for North America.”
The Trade Finance Awards for Excellence are 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. Online votes were collected across all regions and categories and voting is conducted from early April to mid-May each year through the magazine’s website (www.tradefinancemagazine.com). The awards will be handed out at the 3rd Annual Trade Finance Americas Awards Dinner in New York on June 26th.
“Wells Fargo is honored to receive this recognition by the readers of Trade Finance and we believe these awards reflect our continued commitment to serve the global needs of our financial institutions and corporate clients,” said Richard Yorke, head of Wells Fargo’s International Group. “As more of our customers do business globally, we can provide the financial resources, global network and leading technology platforms they need to build and manage a successful trade business.”
Wells Fargo’s International Group serves small businesses, corporations, financial institutions, multilateral organizations and individuals with a wide range of international solutions from more than 35 global locations, including branches in Hong Kong, London, Seoul, Shanghai, Singapore, Taipei, Tokyo and the Cayman Islands. Recently named 2012 Lender of the Year by Ex-Im Bank, the Global Banking group provides large corporate and middle market companies with traditional trade solutions, including letters of credit, documentary collections, open account services, online trade management tools, as well as cross-border financing.
Through its Global Financial Institution business, Wells Fargo also serves more than 3,000 banks in 130 countries, providing financial institutions and multilateral agencies across the globe cash management, trade finance, credit products, deposit and liquidity services as well as cross-selling various asset management, capital markets and trust services.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 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 other distribution channels across North America and internationally. With more than 270,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortune’s 2011 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.