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Wells Fargo benefits from Credit Suisse private bank closure

By NexChange
Capital Markets

Wells Fargo struck a deal with Credit Suisse allowing Wells Fargo to recruit brokers from Credit Suisse's winding down private bank business, transitioning between the firms by early next year, reports The Wall Street Journal.

Will the brokers take the bait? And if they do, what does this mean for the shrinking wealth management industry?
Flickr: Prayitno / Thank you for (7 millions +) views

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