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Wells Fargo and Citi both want Wachovia.

October 5, 2008 – 12:13 am – No Comment

So Citigroup was going to buy Wachovia for around $2 billion with the help of the FDIC early last week. On Friday, Wells Fargo decided to agree to pay $14.8 billion (in an all stock deal WITHOUT government assistance) for the failing bank.
So CitiGroup …

Wachovia: Not only financially ruined, also a sponsor for the VP debate!

October 2, 2008 – 3:09 pm – No Comment

What is Wachovia thinking? They just sold several of their retail bank, corporate and investment bank and wealth management businesses to CitiGroup and now are sponsoring the vice presidential debate? What? You’d think that they’d try to save any money they could, in …

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