Wells Fargo Explores Sale of Real-Estate Broker Eastdil
Wall Street Journal, July 26, 2018–Craig Karmin, Dana Mattioli, Emily Glazer (subscription)
The San Francisco bank has been sounding out private-equity firms to drum up interest in the real-estate brokerage and investment bank, sources said. Wells Fargo bought Eastdil in 1999 for an undisclosed sum in an effort to bolster its commercial real-estate-lending business.
