Banking/Finance

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WELLS FARGO SELLS ITS $10 BILLION PRIVATE STUDENT LOAN PORTFOLIO

Published On 22 Dec 2020 02:23 PM

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Highlights

• This move comes at a time in the middle of a directive under CEO Charlie Scharf to bring down the expenses and retrench the San Francisco based banking firm into its core businesses

• Wells Fargo announced this decision on December 18 after notifying all its customers back in the month of September about its plans of leaving the private student loan portfolio

• Wells Fargo CEO said they....

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Tags : Wells Fargo, US banking news, Student loans, Charlie Scharf, ,

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Banking/Finance

WELLS FARGO SELLS ITS $10 BILLION PRIVATE STUDENT LOAN PORTFOLIO

Published On 22 Dec 2020 02:23 PM

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