11:48 AM EDT, 04/22/2024 (MT Newswires) -- Wells Fargo ( WFC ) is mulling a synthetic risk transfer related to a portfolio of subscription lines to prepare for new Basel regulations, Bloomberg News reported Monday, citing unnamed sources familiar with the matter.

The transaction involves buying insurance on some loans in its portfolio, the report said, adding that a deal may come later this year.

Wells Fargo ( WFC ) did not immediately respond to MT Newswires' request for a comment.

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