Banks Build Services for Super Rich

Banks across the country are trying to attract wealthy clients as economic and regulatory factors weaken traditional banking businesses and the wealth gap increases. Wells Fargo is one of many companies beefing up its wealth management business, announcing the launch of a new company serving individuals and families with $50 million or more in assets. Sandy Deem, spokeswoman for Wells Fargo, said the new business is a "natural next step" in combining Wells Fargo with Wachovia, which it...Full Story
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