(Source: Wall Street Journal BY ELIOT BROWN) – At a time when the U.S. banking sector is reducing its exposure to commercial real estate, Wells Fargo & Co. has taken a different approach: expanding lending to the sector while also buying real-estate loans from other banks.Last week, Wells Fargo reached a deal to buy $3.3 billion in loans tied to U.S. commercial properties from Anglo Irish Bank Corp., according to people familiar with the matter. Wells Fargo declined to comment on the deal.
Source: Wall Street Journal BY ELIOT BROWN
AUGUST 31, 2011
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