Wells Fargo Rumored to Be Selling Asset Management Division
Multiple media outlets are reporting that Wells Fargo (NYSE: WFC) is considering shopping its asset management division, a deal that could be worth as much as $3 billion, according to anonymous sources.
The sources say that Wells Fargo has been in talks with other asset management companies and private equity firms, but also that nothing is done yet, and there is no guarantee the division will ultimately be sold.
Source Fool.com
