Parsad Posted June 25, 2012 Posted June 25, 2012 Well's continues their global expansion. Cheers! http://www.forbes.com/sites/halahtouryalai/2012/06/25/wells-fargo-picks-up-6-billion-loan-portfolio-from-another-struggling-euro-bank/?partner=yahootix
Rabbitisrich Posted June 25, 2012 Posted June 25, 2012 The other recent acquisitions have been domestic portfolios (or secured by domestic assets) purchased from foreign domiciled banks. Is this a similar transaction, or is WFC maintaining a foreign office?
Parsad Posted June 25, 2012 Author Posted June 25, 2012 The other recent acquisitions have been domestic portfolios (or secured by domestic assets) purchased from foreign domiciled banks. Is this a similar transaction, or is WFC maintaining a foreign office? Yeah sorry Rabbit. I should not have said global expansion, but rather expansion. I think these are probably domestic loans as well, not unlike the other ones. Cheers!
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