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Wells Fargo hitches wagon to home market with pref share reopener

Charlotte, NC., USA. 8th May, 2016. Wells Fargo stagecoach near the 9th green during the Wells Fargo Championship on Sunday, May 8, 2016 at Quail Hallow Country Club in Charlotte, NC. Credit:  Cal Sport Media/Alamy Live News

◆ US bank sells first dollar preference share deal since March banking turmoil ◆ Investors flock to tightly priced print ◆ Yankee banks unlikely to follow given higher yields for foreign names

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