Wells Fargo Exploring Deals For Corporate-Trust Unit, Student Loan Portfolio – Bloomberg

Wells Fargo (NYSE:WFC) is exploring the sale of its corporate trust unit, a deal that could bring more than $1B, Bloomberg reports.

That news follows on Friday’s report that the bank is also exploring a sale of its asset management unit, which could garner more than $3B.

The corporate-trust sale process is ongoing, according to Bloomberg, and Wells Fargo is handling that possible divestiture itself.

It’s also looking into whether to find a buyer for its $10B student loan portfolio, according to the report.