Walls Fargo selling retirement plan unit

Business
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FILE – This April 11, 2017, photo shows a Wells Fargo bank in northeast Jackson, Miss. Wells Fargo agreed Wednesday, Aug. 1, 2018, to pay a $2.1 billion fine to settle allegations it misrepresented the types of mortgages it sold to investors during the housing bubble that ultimately led to the 2008 financial crisis. (AP […]

Wells Fargo is retiring from the retirement business. 

The bank is selling its sector for more than $1 billion, and that means an uncertain future for the 2,500 employees who work for the unit.

Related Content: CT residents who lost money from Wells Fargo fake account scandal can get claims evaluated

Wells Fargo is still trying to recover from a string of consumer abuse scandals that ended with the feds forbidding the bank from growing its business. 

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