Wells Fargo seen as leading Wachovia suitor
| Wachovia (NYSE: WB) is recently trading at $4.25 in pre-open trading, below its close of $10. WB October 10 straddle was priced at $7.20 on September 26, November 10 is at $8.40 according to Track Data, suggesting larger price movement. … BloggingStocks - http://www.bloggingstocks.com - References [ More results from BloggingStocks ] |
| The FDIC said that people, who trusted Wachovia with their blood and sweat-earned money, will be ?fully protected? ? up to 100000 dollars. Everyone who holds excess of that looks a little screwed at this point. It beats Black Tuesday, … Wallstrip - http://www.wallstrip.com [ More results from Wallstrip ] |
| wachovia securities, wachovia bank news, ag edwards, wachovia bank stock, evergreen investments,. wachovia sale, wachovia sold, wachovia bought,. i have not seen so much hot topics in the internet before. yes googles top most searched … CURE BLIND BY EMBRYONIC STEM CELLS damage… - http://cure-blind.blogspot.com/ |
Wachovia Sells Itself To Citi*
| UPDATE: From Clusterstock: The FDIC breaks the news and will backstop Wachovia portfolio losses beyond $42 billion. No official word on share price, but stock trading below $1 in pre-market (NYT says $1/share, CNBC says wipeout). … The Business Sheet - http://www.businesssheet.com/ |
Financial Bailout: Citigroup purchasing Wachovia
| Just curious: Is Citigroup, in purchasing Wachovia and absorbing up to $42 billion in losses, making a good investment? Are they looking at Wachovia?s red ink, or is their estimation of the bank?s worth based on the notion that its … Real Time Investigations with Bill Allison… - http://realtime.sunlightprojects.org - References |
Citiigroup takes Wachovia, New York tops Charlotte
| Citigroup is taking over Wachovia’s banking assets, with some guarantees thrown in by the FDIC should Wachovia’s pile of bad mortgages prove to be too costly down the road. Here’s Citigroup’s explanation of the deal and here’s the FDIC … Venture - http://blogs.tampabay.com/venture/ |
| Citigroup will acquire the banking operations of Wachovia Corporation, the latest bank to fall victim to the distressed mortgage market. The sale further concentrates Americans’ bank deposits in the hands of just three banks: Bank of … Drudge Retort - http://www.drudge.com/ - References |
| Sunday’s report in The Times added that the Federal Reserve and Treasury Department were also participating in the discussions, but that the government is refusing to help bidders by guaranteeing a part of Wachovia’s assets the way it … Bubble Meter - http://bubblemeter.blogspot.com/ |
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