Reuters reported on Monday that General Electric Co. is in early, confidential talks with Wells Fargo & Co. about potentially selling its entire U.S. commercial lending and leasing portfolio to the bank.
According to a source familiar with the situation, the portfolio is worth an estimated $74 billion.
The insider also explained that the discussions just began last week, and other parties may also be considered for the purchase.
Image via Wikimedia Commons/General Electric Company
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