Wells Fargo Secures Advisory Role in Major Netflix-Warner Deal

December 6, 2025 - 10:54

In a significant development within the financial landscape, a prominent San Francisco-based lender is playing a crucial role in facilitating a $59 billion bridge loan for the Netflix-Warner deal. Teaming up with BNP Paribas SA and HSBC Holdings Plc, this lender stands out as the only bank among the trio to earn an essential advisory credit for the transaction.

This achievement marks a pivotal moment for the lender, which has been diligently working to establish a formidable investment-banking division in recent years. The goal has been to compete with leading financial institutions such as JPMorgan Chase & Co. and Goldman Sachs Group Inc. Under the leadership of Fernando Rivas, the chief executive officer of corporate and investment banking, the strategy has focused on leveraging the lender's status as one of the largest business lenders in the United States. By doing so, the bank aims to secure a place at the negotiating table for significant mergers and acquisitions, further solidifying its position in the competitive investment banking sector.