Wachovia Capital Markets upgraded Johnson Controls Inc to outperform ... which previously had a market perform rating on the stock. Last month, Johnson Controls said it completed 70 percent of the restructuring, announced at the end of …
In a deal brokered by the government, Citigroup said it was paying more than $2.16bn (£1.19bn) in stock for Wachovia's banking operations and would be forced to raise $10bn of new capital to facilitate the deal. Mitsubishi UFJ's investment …
But what will it do for Wachovia customers and shareholders? Wachovia shareholders aren't in a good spot, however. The company's stock (symbol WB), which closed at $10 on Friday, was halted on the New York Stock Exchange this …
Wachovia's incoming CEO, Bob Steel, made a smart PR move a couple of weeks ago: He reached into his (deep) pocket and bought $16 million of Wachovia stock. This put him in the same boat with the bank's clobbered investors, and, …
The FDIC is expected to absorb the rest. In return, Citi has granted the FDIC $12 billion in preferred stock and warrants. Wachovia's parent company, Wachovia Corp., will continue to own Wachovia Securities and Evergreen Asset …
Wachovia's suit was filed Friday — three days before a government-brokered deal to transfer its banking assets and some liabilities to another banking giant, Citi for $2.16 billion in stock. "Gainey Corp. has sound business fundamentals, …
Wachovia said it agreed to be acquired by San Francisco-based Wells Fargo & Co. in a $15.1 billion all-stock deal. But Citigroup demanded that Wachovia abide by the terms of its earlier deal to buy Wachovia's banking operations. The …
For a $15.1 billion all-stock deal left on the nightstand, Wachovia allowed Wells Fargo Bank to buy it this morning. But not so fast, says Citigroup, who "now demands that Wachovia abide by the terms of its earlier deal to buy …
Citigroup will pay $US2.16 billion in stock to Wachovia and assume the senior and subordinated debt of Wachovia Corporation, the companies said. New York-based Citigroup will assume up to $US42 billion of losses from a pool of …