WSJ: Wells Fargo’s Pursuit of GE Assets Likely Over



The Wall Street Journal reported that Wells Fargo finance chief John Shrewsberry said it is unlikely that the bank will pursue any other GE-related acquisitions.

The Journal noted that Wells Fargo’s growth strategy this year was largely based on acquiring assets and businesses that GE was selling as part of its return to its industrial roots.

According to the Journal, although Wells Fargo may not be targeting further GE assets, Shrewsberry did say that there may be additional things to accomplish in regards to the remaining GE divestitures, particularly in and advisory or lending capacity.


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