Sallie Mae plans to split into two separate, publicly traded companies. An education loan management business and a consumer banking business would help unlock value and boost its long-term growth potential.
May 29, 2013 at 12:00 AM
1 minute read
Sallie Mae plans to split into two separate, publicly traded companies. The student loan giant also named John Remondi as its CEO.
Sallie Mae, formally named SLM Corp., said Wednesday that the two separate companies an education loan management business and a consumer banking business would help unlock value and boost its long-term growth potential.
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