Wells Fargo Ditches Its Train Biz!

Wells Fargo is saying goodbye to its rail equipment leasing business! They’re selling the whole $4.4 billion portfolio to a new joint venture between GATX and Brookfield Infrastructure. The move is all about Wells Fargo focusing on what they do best and keeping things simple. Don’t worry, it won’t shake up their finances much. Big banks making big moves—who’s next? #WellsFargo #BusinessNews #Finance #Transportation