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Posts related to ‘WB’

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Wachovia Re-Opens, Some Value Remains (WB, C)

Posted: September 29, 2008 at 1:43 pm

Wachovia Corporation (NYSE: WB) has just resumed trading after its FDIC-led Citigroup Inc. (NYSE: C) "take-under" came in.  By now you've already heard enough about the merger news and how ...
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Fed Could Cut To Zero: Can The System Save Itself?

Posted: September 29, 2008 at 1:41 pm

Now that the Congress has voted against the Treasury bailout and the Dow has dropped700 points, the important question is whether they system can save itself before the market moves ...
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Wachovia/Citi… An FDIC Backed Bailout Debacle For Holders (WB, C)

Posted: September 29, 2008 at 7:43 am

Wachovia Corporation (NYSE: WB) is the newest big bank that is being taken over in a government-sponsored deal.  Citigroup (NYSE: C) is acquiring the bulk of the bank's assets and ...
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Newspaper

Media Digest 9/29/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: September 29, 2008 at 2:53 am

According to Reuters, Congress is ready to vote on a $700 billion financial bailout package.Reuters reports that Belgian-Dutch group Fortis was nationalizedReuters reports that British mortgage lender Bradford & Bingley ...
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As Wachovia (WB) And Fortis Falter: The Bailout Will Have Been Too Little

Posted: September 28, 2008 at 6:01 pm

Two European financial firms fell apart during the last 24 hours. The U.K. government said that mortgage bank Bradford & Bingley is being nationalized after investors and lenders lost confidence ...
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Banks Wait To Screw Wachovia (WB) Shareholders

Posted: September 28, 2008 at 7:30 am

Banks and investment banks who watched Bear Stearns, Washington Mutual, and Lehman go down in flames have learned a lesson. Bank of America (BAC) moved too fast to buy Merrill ...
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Newspaper

UK Financial News Wrap: FT, Times, Telegraph, Observer

Posted: September 28, 2008 at 6:57 am

According to The Times of London, the Treasury is poised today to nationalize Bradford & Bingley, the troubled mortgage bank.The Times also reports that hedge funds and institutions could be ...
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Citi-chovia or WaCiti (C, WB)

Posted: September 26, 2008 at 3:12 pm

The rumor mill and the deal-making mill might not be dead.  The New York Times' DealBook noted that Citigroup Inc. (NYSE:C) and Wachovia Corporation (NYSE: WB) were in early merger ...
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Sick Twist of Fate, Citigroup’s Model Was Right (C, JPM, WM, GS, MS, WB, BAC, MER)

Posted: September 26, 2008 at 8:49 am

There is one interesting irony in this whole financial meltdown which goes which many will not want to admit.  Citigroup Inc. (NYSE:C) and the financial supermarket model may actually be ...
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Meredith Whitney Strikes Again (BAC, C, JPM, WB, WFC)

Posted: September 23, 2008 at 8:27 am

Oppenheimer's star banking analyst Meredith Whitney is out with another scathing note on major banks this morning despite the government bailout plan.  She slashed estimates on Bank of America Corp. ...
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Fed

Now Anyone Can Own A Bank, A De Facto Win For Sovereign Interests (BAC)(C)(WB)(WFC)

Posted: September 23, 2008 at 4:47 am

T. Boone Pickens can get out of the alternative energy business. Under new regulations, he is allowed to buy Citigroup (C) or Bank of America (BAC). The Fed has decided ...
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Newspaper

Media Digest 9/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: September 19, 2008 at 2:53 am

According to Reuters, Citigroup (C) is considering buying Washington Mutual (WM).Reuters reports that US markets rallied on word of a potential plan for the government to take over the toxic ...
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Wb

Wachovia (WB) Expresses Interest In Morgan Stanley (MS)

Posted: September 17, 2008 at 3:44 pm

The New York Times is reporting that Morgan Stanley (MS) has been approached by Wachovia (WB) about a buyout. According to the paper, the broker is also considering other options.Douglas ...
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Fdic

Wells Fargo (WFC) Up 8%: Bad News Is Good

Posted: September 16, 2008 at 9:03 am

Wells Fargo's (WFC) shares are up 8% on strong volume. The bank stock should be trading down along with Citigroup (C) and Wachovia (WB).Due to the perverse reasoning of traders, ...
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Replacing All The Bank And Brokerage CEOs Won’t Save The System (C)(MER)(AIG)(FRE)(FNM)(WM)(WB)

Posted: September 8, 2008 at 4:25 am

Fannie Mae (FNM) and Freddie Mac (FRE) had their CEOs pushed out by the government this weekend. They will get fat pay packages and can go on to live in ...
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