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Posts related to ‘WB’

Treasury

Paulson’s New Bailout Plan: The Trouble With Owning Bank Shares

Posted: October 9, 2008 at 4:39 am

Henry Paulson watched the Brits come up with a new plan to save the banking system before he did. He is probably embarrassed by that. He and Bernanke seemed to ...
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Newspaper

Media Digest 10/9/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: October 9, 2008 at 2:59 am

According to Reuters, the US Treasury may buy interests in large banks following the model set up by the UK.Reuters reports that IBM's (IBM) earnings strength helped calm tech investors.Reuters ...
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Newspaper

Media Digest 10/8/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: October 8, 2008 at 2:48 am

According to Reuters, US markets fell to five-year lows.Reuters writes that Wells Fargo (WFC) could end up with over 75% of Wachovia;s (WB) deposits.Reuters reports that Morgan Stanley's (MS) deal ...
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Newspaper

Media Digest 10/7/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: October 7, 2008 at 2:53 am

According to Reuters, Bank of America (BAC) reported weak earnings and cut its dividend.Reuters reports that Wells Fargo (WFC) and Citigroup (C) agreed to drop litigation for now and negotiate ...
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Wachovia_logo

Citi’s Wachovia Suit & Stock Halt, Adding Mud To The Swamp (WB, C, WFC)

Posted: October 6, 2008 at 11:34 am

Wachovia Corp. (NYSE: WB) shares were halted for "NEWS PENDING" because of an announcement coming out of Citigroup (NYSE: C).  The Citi and Wells Fargo (NYSE: WFC) war may be ...
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Data

Cutting The Baby In Half At Wachovia (WB)(WFC)(C)

Posted: October 6, 2008 at 4:54 am

A sword was brought, and Solomon ordered,"Cut the baby in half! That way each of you can have part of him." 2 Chronicles 1.1-1.3If Vikram Pandit at Citigroup (C) had ...
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Newspaper

Media Digest 10/6/2008 Reuters, WSJ, NYTimes, Bloomberg

Posted: October 6, 2008 at 2:57 am

According to Reuters, regulators around the world are trying to shore up the banking system. Reuters reports that the Fed is trying to broker a deal for whether Citigroup (C) ...
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Data

Citigroup (C) Gets Chance To Block Wachovia (WB) Takover

Posted: October 5, 2008 at 8:02 am

Now that Citigroup (C) has botched its takeover of Wachovia (WB) it hopes to turn to the US court system to be its savior.Wells Fargo (WFC) moved in under the ...
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Buffett_image

Warren Buffett Comments on Bailout & Bank Merger Fight (BRK-A, C, WB, WFC)

Posted: October 3, 2008 at 1:50 pm

Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) just told CNBC that the bailout plan was "no panacea" but that it will help avoid a total disaster.  Whether it will ...
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Wachovia_logo_2

Citi Cries Out Demands To Wachovia, Ramifications Are Game Changing (C, WB, WFC)

Posted: October 3, 2008 at 10:02 am

Citigroup Inc. (NYSE: C) has finally issued a statement on the interruption of its Wachovia Corp. (NYSE: WB) buyout.  Citi is saying that Wachovia's agreement to a transaction with Wells ...
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Data

Citigroup (C): Vikram Pandit Continues To Play The Fool

Posted: October 3, 2008 at 9:18 am

Vikram Pandit has been the CEO of Citigroup (C) for ten months. The only thing he has done right is collect $216 million in compensation. Much of that was for ...
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Wachovia_logo

Wells Fargo Sneaks Into Wachovia, Steals It From Citi (WFC, WB, C, SOV, NCC, FITB)

Posted: October 3, 2008 at 6:12 am

Wachovia Corp. (NYSE: WB) is now in play as Wells Fargo (NYSE: WFC) has come out with an alternative merger deal in a stock for stock merger offer for ...
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R218533_855025

NCC (NCC) Triples In Two Days

Posted: October 2, 2008 at 9:08 am

In a sign of how perverse and debased the market's reactions to simple news has become, NCC (NCC), the large regional bank, dropped from over $4 last Friday to $1.36 ...
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Newspaper

Media Digest 9/30/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: September 30, 2008 at 2:41 am

According to Reuters, the credit crisis has sharply increased the chances of a deep recession. Reuters reports that the fall in the stock market is pushing investors into safe investments ...
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Unemply

Small Business Gets Crushed In Credit Crisis

Posted: September 29, 2008 at 6:07 pm

With the Congressional rejection of the Treasury bailout package lending from banks to small businesses has ground to a halt. According to Forbes,"The Discover Small Business Watch index of economic ...
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