Wells Fargo is considering selling Eastdil Secured as the bank disposes of its non-core businesses. The San Francisco-based financial institution has been gauging interest for the commercial real estate brokerage from private equity firms, the Wall Street Journal reported. It wasn’t clear what price Eastdil might fetch. Wells Fargo bought the company for an undisclosed amount in 1999. However, banks are not technically supposed to own brokerages, which might preclude other banks from buying Eastdil. […]
source https://therealdeal.com/2018/07/26/wells-fargo-mulls-sale-of-eastdil-secured/
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