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The Wall Street Journal reported Wells Fargo & Co.’s wholesale-banking head, Timothy Sloan, said the bank expects continued growth through acquisitions, such as buying portfolios or selectively buying businesses.
According to The Wall Street Journal report, Mr. Sloan, speaking at a financial conference, said the bank hopes to continue to acquire loan portfolios, whether through the unwinding of some of General Electric Co. ’s financial businesses or elsewhere.
To read The Wall Street Journal Report - Wells Fargo Wholesale Chief: More Deals Ahead, click here. (subscription required)