What the Wells Fargo, Centerbridge Venture Means for Banks

Wells Fargo and Centerbridge Partners are partnering to offer direct lending to middle-market companies. It’s an interesting time for banks.

Big banks and alternative asset managers are finding new ways to work together as new regulations loom.

The deal “will help us elevate our support of middle-market clients,” said Wells Fargo CEO Charlie Scharf in a statement.

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