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Street News: Wells Fargo to Double Asset Management

Wells Fargo To Double Asset Management Still

Bloomberg's Gigi Stone reports on Tuesday's top news including Wells Fargo's plan to double its $444bn asset-management unit within seven years, KKR raising capital for a new Asia fund and Blackstone’s agreement to buy the Motel 6 lodging chain.

Barclays Sells BlackRock Stake

Barclays Sells Stake Still

Barclays Plc, the U.K.’s second-largest bank by assets, will sell its entire $6.1bn stake in BlackRock Inc. before the latest round of Basel rules stops it from counting the holding as capital.

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