https://www.cnn.com/2019/04/09/investing/wells-fargo-selling-retirement-principal/index.html
We get the in house email same time it hits Google.
8 replies (most recent on top)
Well what businesses are next? What about WFA?
Which other groups might be sold? I’d like to move into that group so I can escape the madness and tarnished reputation.
For those who complain that this site is just a rumor mill... several posters, including myself, have repeatedly said for a long time that the company was selling off businesses. We listed them, and every one of them has occurred. You might want to pay attention in the future. The Principal deal has far-reaching implications.
Sounds like the retirement group won the lottery today!
Self imposed break up in progress..
The people in that division are thrilled. They’re getting retention bonuses and will be operating under a new name unencumbered by Wells Fargo’s criminal reputation. Kudos to them.
Savvy operators! Sell off everything, i.e. - buildings, profitable divisions, and keep a stupid golf tournament because your gaining market share at a "record clip"......all brilliant moves.
Someone is on their game.
Good they must cut costs and be manageable.