The San Francisco-based bank had long sought the move that was holding back its growth. Its CEO called it a “pivotal milestone.” ...

Established in 1995, Wells Fargo Asset Management is chiefly the bank's mutual fund business and manages $603 billion on behalf of institutions, financial advisors and individuals.

Wells Fargo will double its $444 billion asset-management unit within seven years by expanding in international markets as wounded European rivals retrench, according to division chief Mike ...

Multiple media outlets are reporting that Wells Fargo (WFC -2.30%) is considering shopping its asset management division, a deal that could be worth as much as $3 billion, according to anonymous ...

In one of the largest asset management deals in a decade, the $603 billion Wells Fargo Asset Management business is being acquired by two private equity firms for $2.1 billion.

Wells Fargo is exploring a sale of its asset management business, in what would be the bank's biggest shake-up since Charles Scharf joined as CEO last year.

Wells Fargo WFC 2.84% & Co. said Thursday that Nico Marais has been appointed chief executive officer and head of Wells Fargo Asset Management, effective immediately.

Rumors began circulating last October that Wells Fargo may sell its asset management unit. At the time, various media outlets reported that people familiar with the matter said the unit could ...

The Wells Fargo Global Dividend Opportunity Fund is a closed-end equity and high-yield bond fund. The fund’s investment objective is to seek a high level of current income.

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 ...

Wells Fargo (NYSE: WFC) stock gained 2.5% in Tuesday premarket trading after a media report that the asset cap placed on the bank almost seven years ago is likely to be lifted in 2025.

Federal regulators have lifted Wells Fargo’s $1.95 trillion asset cap, its biggest penalty since the 2016 fake accounts scandal, allowing growth again.