Wells Fargo Is Not Interested in Others' Junk...Surprised? [View article]
I don't usually like this author's points but he's correct here. People who think WM's salvation is from an acquisition are kidding themselves. WM has a fine branch franchise but they did a very poor job on the lending side. There's no way WFC would consider acquiring them, but an even bigger problem is that the new investors in WM wouldn't consider a sale. They have all kinds of protections built into their investment agreement.
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I don't usually like this author's points but he's correct here. People who think WM's salvation is from an acquisition are kidding themselves. WM has a fine branch franchise but they did a very poor job on the lending side. There's no way WFC would consider acquiring them, but an even bigger problem is that the new investors in WM wouldn't consider a sale. They have all kinds of protections built into their investment agreement.
Aug 28 01:12 am
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All Comments by Kinabalu »Wells Fargo Is Not Interested in Others' Junk...Surprised? [View article]