Wells may cut Wachovia investment unit loose
Wells Fargo & Co. of San Francisco may not keep Wachovia's investment banking operation, according to Bloomberg News.
Wells Fargo & Co. of San Francisco may not keep Wachovia’s investment banking operation, according to Bloomberg News.
The San Francisco based bank is primarily interested in Charlotte, N.C.-based Wachovia’s retail banking and securities operations, the Bloomberg report said.
Wells Fargo executives earlier this year expressed doubts about incorporating an investment banking business into their bank, the report said.
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