Report: Wells Fargo in talks to buy GE commercial lending unit

April 20, 2015 8:23 PM

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Wells Fargo bank is in talks to buy General Electric Co.'s $74 billion U.S. commercial lending and leasing operation, according to a report.

Wells Fargo, which reported $415 billion of commercial loan holdings last quarter, could beef up its commercial loan holdings with the purchase of all or part of GE's U.S. commercial lending and leasing business, according to Reuters.

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