GE Nears Deal To Sell Over $30 Billion Of Loans To Wells Fargo: Report

(Reuters) -- General Electric Co. (GE.N) is in advanced talks to sell a specialty finance portfolio, worth more than $30 billion, to Wells Fargo & Co. (WFC.N), according to a person familiar with the matter, as the industrial conglomerate returns to its roots. Wells Fargo has so far outbid other parties for General Electric's vendor financing, commercial distribution finance and direct lending, the person with direct knowledge of the situation said on Friday. The source asked not to be identifie...