Fitch: No change to Wells Fargo

Fitch Ratings said its ratings on Wells Fargo & Co. are not impacted by the acquisition of prime broker services provider Merlin Securities.

According to Fitch, the deal is expected to close in the third quarter of 2012.

While Wells Fargo may use Merlin as a platform for further expansion, the transaction is still viewed as relatively small in nature, Fitch said.

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