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Wells Fargo Buys Most of Strong Financial

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Wells Fargo Buys Most of Strong Financial

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Wells Fargo Buys Most of Strong Financial

Wells Fargo Buys Most of Strong Financial

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  • <iframe src="https://www.npr.org/player/embed/1911273/1911274" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Wells Fargo will buy all but a small part of the Strong Financial Corporation. Analysts say the purchase might not have occurred except for the admitted misdeeds of Strong co-founder Richard Strong. Last week, federal and state regulators reached a $175 million settlement with Strong and his company over trading abuses at the firm. Chuck Quirmbach of Wisconsin Public Radio reports.