Wells Fargo sells asset management biz for $2.1 billion to reshape bank

The company agreed to sell Wells Fargo Asset Management to private equity firms GTCR LLC and Reverence Capital Partners

Wells Fargo

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Wells Fargo & Co. plans to sell its asset-management business to two private equity firms, part of Chief Executive Officer Charlie Scharf’s efforts to dump non-essential operations and help the

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Topics : Wells Fargo

First Published: Feb 23 2021 | 7:44 PM IST

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