Wachovia Corp. (NYSE: WB) shares were halted for "NEWS PENDING" because of an announcement coming out of Citigroup (NYSE: C). The Citi and Wells Fargo (NYSE: WFC) war may be heating up above and beyond a normal fight. …
Citigroup also will grant the FDIC $12 billion in preferred stock and warrants. The FDIC asserted that Wachovia didn't fail, and that all depositors are protected and there will be no cost to the Deposit Insurance Fund. Federal Reserve …
NEW YORK, Sept 9 (Reuters) - Wachovia Corp WB.N on Tuesday maintained its forecast for losses on a troubled $122 billion mortgage portfolio, but its shares fell after an analyst downgraded the fourth-largest U.S. bank to “underperform.” …
Wachovia’s stock is down 45% for the week, and 27% today as bailout talks stalled in Washington and WaMu held a garage sale at the FDIC. Dow Jones reports that those of you waiting to hear more about those option-ARM, “pick-a …
Wachovia Bank, a major institution, has seen its stock plummet and its continued viability called into question, as the nation's financial crisis muddles forward. [Update: shortly after publication of this article, Citigroup agreed to purchase …
Putting aside its proposed takeover by Citigroup with the government's assistance, troubled banking major Wachovia today announced a new deal entailing its merger with rival Wells Fargo in an all-stock transaction worth about $15.1 …
Wells Fargo acquired all outstanding shares of common stock of Wachovia. Shareholders received 0.1991 shares of Wells Fargo common stock in exchange for each share of Wachovia common stock they owned. Shares of each …
The brokerage cut its price target on Wachovia’s stock to $46 from $49, while maintaining a “sector perform” rating on it. Lehman lowered its 2007 earnings per share estimate for the bank by 28 cents to $4.40 and RBC lowered it by 14 …
... all-stock purchase of Merrill Lynch & Co., while Wells Fargo & Co. said it has completed its $12.7 billion all-stock purchase of Wachovia Corp. Merrill Lynch's sale to Charlotte, N.C.-based Bank of America, announced Sept. 15, …