Wells Fargo Sells Off Retirement Plan Services Unit to Principal Financial

Posted on 04/09/2019

U.S. lending giant Wells Fargo & Company is selling off its retirement plan services unit to Principal Financial Group Inc. for a price tag of US$ 1.2 billion. Wells Fargo is plagued by scandals and was recently tormented by U.S. Democrat Senator Elizabeth Warren in Congress. In March 2019, Wells Fargo Chief Executive Officer and […]

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