Wells Fargo stops using Abbot Downing name for high-net-worth unit
The bank's business of managing ultra-rich clients' money will be moved under the Wells Fargo Private Bank brand.
Wells Fargo & Co. is dropping the Abbot Downing name for managing ultra-rich clients’ money as wealth and investment management head Barry Sommers remakes the unit.
The firm will move the business under the Wells Fargo Private Bank brand, according to a statement Thursday. The company previ
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