Wachovia Becomes Next Banking Domino to Fall

[furrbear]

Citigroup Agrees to Buy Wachovia's Banking Business (Bloomberg)

Interesting, the news last night was that Wells-Fargo were in deep negotiations with Wachovia.

Comments

[furr-a-bruin.livejournal.com]

Frankly, as Wells Fargo is my bank ... I'd prefer they not go around buying "distressed assets" or whatever one might call this kind of thing.

[blt4success66.livejournal.com]

trust me, if Wells was going to buy it, Citi wouldn't have gotten it but I have to wonder why Citi is doing this when they aren't in the best of shape financially...

Wells-Fargo were in deep negotiations with Wachovia

[ursine1.livejournal.com]

I saw Grupo Santander on the list of would be suitors for Wachovia. They ended up buying Britain's Bradford & Bingley (B&B) instead.

Chuck