Wells Fargo is looking to expand as other banks retreat. Deutsche Bank AG agreed to sell its U.S. private-client services unit to Raymond James Financial Inc. this month, while Barclays Plc agreed in June to sell its U.S. wealth-management business to Stifel Financial Corp.
Wells Fargo also is interested in buying a U.K. asset manager, and is considering several potential takeover targets, including Henderson Group Plc and Jupiter Fund Management Plc, the Sunday Times reported last month, without citing anyone.
Wells Fargo Targeting Wealth Management Clients At Other Firms
December 8, 2015
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