Wells Fargo considering sale of retirement-plan unit

November 8, 2018 by Bloomberg News

Wells Fargo & Co. is considering the sale of its retirement-plan services business, according to people familiar with the matter.

The unit could fetch as much as $1 billion, said one person, who asked to not be identified because the matter isn’t public. The people said deliberations are at an early stage and the bank may decide to keep the business, which offers record-keeping, trust, custody and other retirement-plan services to corporations.

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Originally Posted at InvestmentNews on November 8, 2018 by Bloomberg News.