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Regulus Group

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April 22, 2000 | Bloomberg News
Wells Fargo & Co. said it will sell 11 remittance processing sites to Regulus Group, cutting 449 jobs in 10 states, not including California. Terms of the sale weren't disclosed. Philadelphia-based Regulus, which manages all forms of customer payment transactions, will be responsible for facilities, equipment, employees and other assets. Wells Fargo will control other services, such as check clearing. The companies will share revenue and plans for product development.
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BUSINESS
April 22, 2000 | Bloomberg News
Wells Fargo & Co. said it will sell 11 remittance processing sites to Regulus Group, cutting 449 jobs in 10 states, not including California. Terms of the sale weren't disclosed. Philadelphia-based Regulus, which manages all forms of customer payment transactions, will be responsible for facilities, equipment, employees and other assets. Wells Fargo will control other services, such as check clearing. The companies will share revenue and plans for product development.
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