Wells Fargo Rides to Wachovia’s Rescue, Citi Left Out in the Cold

A most unexpected and confidence-boosting turn of events occurred Friday morning when Wells Fargo offered $15.4 billion to acquire Wachovia.Most remarkably, the Wells Fargo deal is not contingent on a government backstop, as was

Sphere: Related Content

Leave a Reply

« House Faces Stark Choice: Pork-Laden Bailout vs. Complete Meltdown Apple Denies Steve Jobs Heart Attack Report: It Is Not True »