Principal

Principal to acquire Wells Fargo’s retirement division for $1.2bn

Principal Financial Group has agreed to buy Wells Fargo’s Institutional Retirement & Trust (IRT) arm in a $1.2bn deal. The…

Principal to raise stake in asset management JVs with CIMB

US-based Principal Financial Group has agreed to increase ownership stakes to 60% in its asset management joint ventures (JVs) with…