The US bank's asset management arm, which manages $578 billion, could fetch over $3 billion, Reuters said, citing sources.
Wells Fargo has held talks with potential asset management companies and private equity firms, but no deal is confirmed yet, Reuters said. A spokesperson declined to comment to Business Insider's request for comment.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Wells Fargo explores sale of asset management business - sourcesWells Fargo & Co is exploring a sale of its asset management business, in what would be the U.S. bank's biggest shake-up since former Bank of New York Mellon chief executive Charles Scharf joined as CEO last year, people familiar with the matter said on Thursday. Wells Fargo s u c k s Wow. I love that they finally put a Wells Fargo in my city in Pasco Washington!
Source: Reuters - 🏆 2. / 97 Read more »
Exclusive: Wells Fargo explores sale of asset management business - sourcesWells Fargo & Co is exploring a sale of its asset management business, in what would be the U.S. bank's biggest shake-up since former Bank of New York Mellon chief executive Charles Scharf joined as CEO last year, people familiar with the matter said on Thursday. Wells Fargo s u c k s Wow. I love that they finally put a Wells Fargo in my city in Pasco Washington!
Source: Reuters - 🏆 2. / 97 Read more »
Barclays swings to profit with 3rd-quarter earnings, beating expectations as UK consumer business picks up | Markets Insider
Source: BusinessInsider - 🏆 729. / 51 Read more »
General Motors relies on crude-oil profits to fund $20 billion EVs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump is considering firing FBI director Christopher Wray after the election, report says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Plot twist That’s okay, we are planning to fire Trump on November 3rd. The show always ends in a firing
Source: BusinessInsider - 🏆 729. / 51 Read more »