In reading inbetween the lines of uppermanagement i heards that in 6-12 months there is a possible breakup of WF CIB from rest of bank. Any credibility? I know Goldman was interested in WF CIB years ago...
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I would love to see CIB and WIM go. They are a pain to support from a technology perspective.
lol fake news
It isn't just CIB. It's WIM and a good chunk of the deposits.
Goldman is having a hard time getting Marcus off the ground. They want to be a direct competitor to JPMorgan Chase. The only way to do that is grab a large deposit base.
Wouldn't surprise me. WIM and WFA seem to be the only ones doing any business lately.
I seriously doubt it. Same rumors as selling off WIM or WFA, very unlikely.