Deals
Wells Fargo Is Exploring Sale of Its Retirement Plan Services
- Division could be worth up to $1 billion in a potential sale
- Bank has been divesting units in wake of consumer scandals
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Wells Fargo & Co. is considering a 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 of the people, 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.