NEW YORK, Oct 5 - Wachovia Corp said on Sunday that it will pursue a deal to sell itself to banking rival Wells Fargo & Co. despite...
Wachovia Corp said on Sunday that it will pursue a deal to sell itself to banking rival Wells Fargo & Co. despite an attempt by Citigroup Inc to block the deal.
Wachovia has begun preliminary talks with Citigroup about a potential merger, people briefed on the matter said Friday afternoon.
Morgan Stanley held a board meeting over the weekend to discuss its strategy, after a week of extraordinary pressure on the company, which at one point had seemed likely to be capsized by the turmoil in the credit markets...
Banks and brokerages surged after Senator Charles Schumer said the U.S. Treasury and Federal Reserve are considering a ``permanent'' plan to address the financial crisis. Schumer proposed a new agency to...
``It makes more sense to try to determine your own fate than to let the market decide it,'' said Douglas Ciocca, managing director of Renaissance Financial Corp...
WACHOVIA CORP <WB.N> SAYS IT IS 'PLEASED' WITH CITIGROUP <C.N> ENDING EFFORTS TO STOP WACHOVIA MERGING WITH WELLS FARGO & CO <WFC.N>...
WACHOVIA <WB.N> SAYS IT LOOKS FORWARD TO COMPLETING MERGER WITH WELLS FARGO <WFC.N>...
NEW YORK, Oct 9 - Wachovia Corp is pleased Citigroup has ended efforts to stop it from merging with Wells Fargo & Co, the North Carolina-based bank said in a statement on Thursday. "We're pleased...
Citigroup Inc and Wells Fargo & Co agreed to extend their legal standstill for two more days as they scrambled to come to a deal that could see them divvy up troubled regional lender Wachovia Corp.