Report Wells Fargo Buying Credit Suisse's Investment Banking Operation Is News To Wells Fargo
Pour one out for the Wells Fargo Suisse that never was, and never will be.
“There’s no truth to this rumor,” Elise Wilkinson, a spokeswoman for San Francisco-based Wells Fargo, said in a phone interview. Hedge Fund Alert reported earlier Wednesday that the chief executive officers of the two firms had held talks about a deal that may involve Credit Suisse’s U.S. and European equities and fixed-income businesses, including its prime brokerage.
Wells Fargo Denies Report of Deal Talks With Credit Suisse [Bloomberg]