Activist Naylor calls on Wells Fargo to study breakup
- Top 10 News for 10/17 - 10/21: Merger Rumors Abound; CEOs Depart; Tesla Kicks Autopilot Up A Notch
- Wall Street ends little changed; Microsoft hits record
- AT&T (T) in Advanced Talks to Acquire Time Warner (TWX) - DJ
- Rockwell Automation (ROK) Said to Attract Takeover Interest from Schneider Electric - Source
- British American Tobacco Offers to Acquire Remaining Shares of Reynolds American (RAI) for $56.50/Share
A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. on February 10, 2015. REUTERS/Jim Young/File Photo
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
BOSTON (Reuters) - Activist investor Bart Naylor said on Thursday he has filed a shareholder resolution calling on Wells Fargo & Co (NYSE: WFC) to study breaking up its business in the wake of a fake accounts scandal.
Naylor, a financial policy analyst for consumer advocacy group Public Citizen, has submitted similar measures at other large banks in recent years. His latest calls on Wells Fargo's directors to study "whether the divestiture of all non-core banking business segments would enhance shareholder value."
(Reporting by Ross Kerber; Editing by Alan Crosby)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Wells Fargo (WFC) Funds President Rabusch Said to Retire
- Thai junta says Google removing content with royal insults
- Valeant's (VRX) Weak Business Could Force it to Refinance Debt - Wells Fargo's Maris
Create E-mail Alert Related CategoriesGeneral News, Hedge Funds, Reuters
Related EntitiesWells Fargo
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!