News – USA – Wells Fargo to sell $ 2.1 billion wealth management business from Reuters

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(Reuters) – Wells Fargo (NYSE: WFC) & Co announced Tuesday that it has agreed to sell its wealth management business, managing more than $ 603 billion on behalf of clients to the Private equity firm GTCR LLC and Reverence Capital Partners for $ 2 billion

LONDON (Reuters) – Europe’s top banks have to explain why they don’t have to move billions of euros worth of euro-denominated derivatives clearing from London to Europe

(Reuters) – Marriott International (NASDAQ: MAR) Inc named Tony Capuano, group president for global development, as chief executive officer, replacing Arne on Tuesday
By Aishwarya Venugopal and Melissa Fares (Reuters) – Macy’s Inc (NYSE: M) forecast sales in 2021 well above Wall Street estimates on Tuesday as the retailer continues to grow

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Wells Fargo, Wealth Management, Finance, Private Equity

News – United States – Wells Fargo to sell US $ 2.1 billion wealth management business from Reuters
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Source: https://www.investing.com/news/stock-market-news/wells-fargo-to-sell-asset-management-business-for-21-billion-2426543