Comment & Analysis
How the president of Abbot Downing tried to save the Wells Fargo unit for the ultra-rich from being folded
In late 2020, Wells Fargo disbanded Abbot Downing, the unit that catered to the bank's wealthiest clients. It would have been held up as a crown jewel at any other firm, serving clients with at least $50 million in assets and managing $47 billion. But as part of CEO Charlie…
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Click here to read the full story: Yahoo Finance