Wachovia Corp., employer of 1,600 people in the Birmingham metro area, agreed today to sell its banking operations to Citigroup Inc. in a deal arranged by federal bank regulators who are advising troubled institutions …
Wells Fargo & Co., San Francisco, outbids Citigroup to buy all of Wachovia Corp.-- the bank and its A.G. Edwards, Prudential and Evergreen investment units -- for $15 billion in Wells stock, worth about $7/share. …
Citigroup
Citigroup also will grant the FDIC $12 billion in preferred stock and warrants. The FDIC asserted that Wachovia didn’t fail, that all depositors are protected and there will be no cost to the Deposit Insurance Fund. The deal …
Citigroup
Wachovia on Wednesday downgraded shares of CBS Corp. to "market perform" from "outperform" even though the company had reported stronger-than-expected first-quarter earnings on Tuesday. The brokerage argued a …
NEW YORK (CNNfn) - First Union Corp. said Monday it has agreed to buy Wachovia Corp. for about $13 billion in stock, a move that would combine two North Carolina-based rivals and create the nation's fourth-largest …
Wachovia
His time at Wachovia is likely to cost Bob Steel, who sank $16 million of his personal fortune into the bank's stock, which has since shed about 78 percent of its value. But a trio of top executives could see fat checks if …
Wachovia
Both newspapers cited people familiar with the discussions. By the end of the day's trading, Wachovia stock had skyrocketed 59%. Morgan Stanley finished up about four percent. CNBC reported that Morgan Stanley was …
Under the agreement, Wells Fargo will acquire all outstanding shares of common stock of Wachovia in a stock-for-stock transaction. In the transaction, Wells Fargo will acquire all of Wachovia Corporation and all its …
Wells Fargo
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 …
George Soros
Now, I know what you're thinking. "Gee, thanks, Wachovia!" Thanks for warning us to get out of this stock in time to avoid ... its 7% rise in price since Wachovia's January downgrade. We're much happier with the 1% loss …
The Motley Fool