Credit Suisse punts its private banking business to Wells Fargo

Henny “take my wife … please” Youngman would be proud of the deal Credit Suisse just made to offload what is left of its U.S. private bank on Wells Fargo.

Under the arrangement disclosed today, Credit Suisse Group AG gives Wells Fargo the exclusive right to rampage its cadre of wealth managers with the idea of situating willing Credit Suisse brokers by 2016.

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