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Posted on: Oct. 23, 2020, 11:01 a.m.
Click to view a price quote on MS.: Wells Fargo (WFC) - Get Report reportedly is exploring the sale of its asset-management arm, a business that could fetch more than $3 billion, as it looks to revamp its business. The San Francisco-based bank, which under CEO Charlie Scharf has been reviewing its broader banking and investment management strategy, began discussing a possible deal with other asset managers and private-equity firms last month, Bloomberg reported, citing a person briefed on the ... Full investment news articleRelevent to this post: Wells Fargo & Company Morgan Stanley,