Gelonghui, December 4 | The Wall Street Journal cites sources saying that wells fargo & co is preparing to sell its headquarters building located in San Francisco. Sources indicate that wells fargo & co is considering shifting its business focus to the east coast, hence the consideration to sell the related headquarters property. The bank has hired Eastdil Secured as an advisor to assist with the auction process and has made initial contact with potential interested buyers, but is preparing to officially auction the property later this month. A spokesperson for wells fargo stated that the bank has always aimed to become stronger and more efficient, and will periodically review its property portfolio. The spokesperson also emphasized that wells fargo has been operating in San Francisco since 1852, and the city is an important part of the group.