Wells Fargo will sell its asset management business to two private equity firms for $2.1 billion. The deal announced Tuesday is the first major sale of CEO Charlie Scharf's drive to simplify the ...

Wells Fargo & Company WFC is looking to divest its asset management division, per Reuters. The sale is likely to fetch around $3 billion for the company. As of Sep 30, 2020, the company’s asset ...

The wealth and investment management division of Wells Fargo, which includes the asset management arm, generated a $463 million profit in the third quarter on total revenue of nearly $3.8 billion .

Wells Fargo & Co (NYSE: WFC) is in plans to delink its asset management business and is currently holding talks with private equity firms and peers in the asset management space, according to Reuters.

The Wells Fargo Income Opportunities Fund is a closed-end high-yield bond fund. The fund’s investment objective is to seek a high level of current income. The fund may, as a secondary objective ...

After months of rumors, Wells Fargo (WFC 1.64%) announced today that it plans to sell its asset management arm to the private equity firms GTCR and Reverence Capital Partners for $2.1 billion.

Wells Fargo Asset Management sold to private equity for $2.1 billion Nico Marais will stay on as CEO of the $603 billion business after the sale to GTCR and Reverence Capital Partners, while there ...

Wells Fargo’s asset management arm, which managed $578 billion on behalf of customers as of the end of June, could fetch more than $3 billion in a sale, two of the sources said Thursday.

Wells Fargo WFC 2.84 % increase; green up pointing triangle & Co. said Thursday that Nico Marais has been appointed chief executive officer and head of Wells Fargo Asset Management, effective ...

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 ...