logo
Share SHARE
FONT-SIZE Plus   Neg

Wells Fargo To Sell Its Shareowner Services Business To Equinity In London

Wells Fargo & Co. (WFC) announced Wednesday that it has entered into an agreement to sell its Shareowner Services business to Equiniti Group plc in UK for $227 million. The deal is expected to close by the end of first quarter in 2018.

Wells Fargo Shareowner Services or WFSS is a division of Wells Fargo Bank that provides shareowner services in the U.S., including stock transfer agent, corporate action, and investment plan services to more than 1200 public and private companies across the U.S. More than 400 WFSS team members are expected to transition to Equiniti.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Toyota is working on developing an electric car with a fast charging battery, the Chunichi Shimbun reported on Tuesday. Travelers leaving Comic-Con International in San Diego last weekend were in for a rude shock after United Airlines said that comic books were banned in their checked luggage. United Airlines claimed it was a Transportation Security Administration or TSA-mandated rule for all airlines operating out of San Diego over this weekend. A Singapore-based startup wants to make cryptocurrencies like Bitcoin go mainstream and be available for everyday transactions. TenX has built an app that serves as a digital wallet connected to the Visa card. The debit card will instantly convert multiple digital currencies into fiat money such as the dollars, yen and euros.
comments powered by Disqus
Follow RTT