Wells Fargo & Company (WFC.US) agrees to sell its railcar assets to Brookfield and GATX.

According to the Securities Times APP, Wells Fargo (WFC.US) has agreed to sell its railroad equipment leasing business assets to a joint venture formed by Brookfield Infrastructure (BIP.US) and GATX Corp (GATX.US). The bank will continue to focus on its core lending and advisory business.