Sallie Mae To Split Into Separate Companies Within 12 Months

NEWARK, Del. -- 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.Read More...

Topics:  newark   del    sallie mae   john remondi   ceo   sallie mae   slm   corp   split   separate companies   named   business   ndash   loan   
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