GE in talks to sell $74 billion portfolio to Wells Fargo

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Reuters
Last Updated : Apr 20 2015 | 10:22 PM IST

REUTERS - General Electric Co is in early-stage talks with Wells Fargo about selling the bank its entire $74 billion U.S. commercial lending and leasing portfolio, according to a source familiar with the situation.

The source asked not to be identified because the talks are confidential. GE and Wells Fargo declined to comment.

(Reporting by Mike Stone in New York; Editing by Jeffrey Benkoe)

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First Published: Apr 20 2015 | 10:07 PM IST

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