Wells Fargo to buy $1.6 billion loan portfolio from ING Real Estate Finance

Wells Fargo & Co. is paying an undisclosed sum for a $6 billion loan portfolio from German lender WestLB AG, a state-controlled lender that was bailed out during the financial crisis and agreed to.

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Banks that couldn’t finance their balance sheets would have sold toxic assets at market prices, and the losses would have wiped out their shareholder’s equity. With $7 billion. to mention Wells.

Wells Fargo’s $947 billion loan portfolio acts as a magnate for money. Image source: iStock/Thinkstock. A decade ago, Wells Fargo was a regional bank operating for the most part West of the.

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The tools and calculators on the Wells Fargo Practice Finance website are provided for educational and illustrative purposes only. The accuracy of the calculations and their applicability to your circumstances are not guaranteed.

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Wells Fargo (WFC) sells about $1.6 billion in retail auto loans and $360 million in commercial loans to Popular’s banking arm, Banco Popular de Puerto Rico, per all-cash deal announced in February.