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Wells Fargo completes buyout of Wisconsin's scandal-tainted Strong Financial.
By Jason Gertzen, Milwaukee Journal Sentinel Knight Ridder/Tribune Business News
Jan. 4--Wells Fargo & Co. said Monday it completed the purchase of $29 billion in assets from Strong Financial Corp., the culmination of a trading scandal that hammered the Menomonee Falls company's business.
San Francisco-based Wells Fargo is offering jobs to about 650 of the former Strong workers and expects to add 50 more positions by the end of the year. The total will be down from Strong's work force of about 900 in recent months and more than 1,100 before New York Attorney General Eliot Spitzer announced his investigation in the fall of 2003.
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