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Wachovia

Wells Fargo's merger with Wachovia to proceed as whole company transaction

Financial services provider Wells Fargo & Company has announced that the company and Citigroup have terminated discussions concerning a possible sale of certain banking assets of Wachovia and reaffirmed that it is proceeding...

Feds OK Wells Fargo-Wachovia Deal

Wells Fargo's $11.7 Billion Acquisition Of Wachovia Approved By Regulators In this Jan. 22, 2008 file photo, a customer waits at the drive through at a Wachovia Bank in Matthews, N.C. (AP PHOTO) (AP) Federal antitrust...

Wachovia Will Forgo Vote on Deal

Wachovia Corp. won't seek shareholder approval for its deal to be acquired by Wells Fargo & Co. because delaying the transaction to get shareholder approval would seriously jeopardize the financial viability of the bank. The...

Acquisition takes Wells Fargo east

With its iconic stagecoach, Wells Fargo has evoked images of the wild West throughout its 156-year history. Now it's finally expanding east... By MICHAEL LIEDTKE The Associated Press SAN FRANCISCO — With its iconic stagecoach,...

Banks await shakeout

Analysts are doubtful that regional banks such as National City and Key Bank of Cleveland, Cincinnati-based Fifth Third and Columbus-based Huntington National Bank will directly benefit from federal dollars if the Treasury does...

The Coming Obama Thugocracy

"I need you to go out and talk to your friends and talk to your neighbors," Barack Obama told a crowd in Elko, Nev. "I want you to talk to them whether they are independent or whether they are Republican. I want you to argue...

N Chandrasekaran, COO, TCS

10 Oct, 2008, 0029 hrs IST,N Shivapriya, MUMBAI: India’s largest IT firm Tata Consultancy Services (TCS) has taken a few bets in its time. This week, the IT bellwether has taken another big bet—the $505-million acquisition of...

Business briefs: GE third-quarter profit drops but meets lowered forecast

GE profit drops, meets lower forecast HARTFORD, Conn. — General Electric Co. spared investors any nasty surprises as it reported a 22 percent drop in third-quarter earnings Friday, meeting its own lowered forecast and blaming...

Analyst Actions: Wachovia, Macy's, Cemex

Sandler analyst Kevin Fitzsimmons says Citigroup announced it has ended talks with Wells Fargo related to the deal involving Wachovia ; he notes WFC said proceeding with earlier planned all-stock purchase for all of WB on...

Citigroup says Wachovia had $5 billion run

Wachovia Corp. lost $5 billion in deposits on Sept. 26 in a "silent run" on the Charlotte-based bank, leading regulators to tell Wachovia that it would be shut down within days if it were not acquired.

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