Wells Fargo, TD Explore Bids for GE U.S. Lending Assets

Lock
This article is for subscribers only.

Wells Fargo & Co. and Toronto-Dominion Bank are exploring offers for a batch of U.S. commercial-lending businesses General Electric Co. is selling as whittles down its finance arm.

Capital One Financial Corp. and U.S. Bancorp are also weighing bids for the businesses that together have about $40 billion in loans, said the people, who asked not to be identified because the process is private.