Wells Fargo Buying $30 Billion From GE and Adding 3,000+ Employees in Charlotte


wells-fargo-stagecoach-charlotteWells Fargo just announced that they are about to purchase over $30 billion in assets from GE and add over 3,000 positions to their financial services division.

The sale includes many of General Electric’s commercial-distribution, vendor, and corporate finance units from their capital division.

Over the past year, GE has been working to completely exit its financial services arm, after investors continued to complain about the risk associated with a giant lending business.

Before the purchase, Wells Fargo had $1.7 trillion in assets, the fourth-most of U.S. banks, and the most employees of any US bank. Their largest hub for employees is currently in Charlotte – the primary destination for most of the new positions from GE.

You can now browse all job openings around Charlotte here.

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