https://www.bnnbloomberg.ca/td-bank-signs-deal-to-buy-wells-fargo-s-canadian-equipment-finance-business-1.1548588
The division " provides loans and leases for commercial equipment and has $1.5 billion in assets and over 120 employees."
7 replies (most recent on top)
OP is fully unaware of what LIQUIDITY actually means.
Breaking news dated Jan 14, 2021
I would bet that 95% of people that work at Wells even knew this existed. Safe to say it isn't core.
Slow news day for Russian trolls?
LOL
Absolutely no liquidity issues at Wells
But keep on trying troll
Not sure it's a "scramble", but good luck to the 120 impacted employees. Certainly doesn't seem 'core', so I can see why they'd be looking to sell.
We sold the Canadian equipment leasing business a month ago. You might want a better news source.