Read more Wachovia stories on Newserhttp://www.newser.com/taggrid/2424/wachovia.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 18:16:45 CSThttp://www.newser.com/story/46803/boa-wells-fargo-wrap-up-takeovers.html?utm_source=syn&utm_medium=rss&utm_campaign=tagBank of America and Wells Fargo completed their respective takeovers of Merrill Lynch and Wachovia this week, expected developments that close the books on a year of unprecedented change in the banking industry, Reuters reports. The acquisition of Merrill makes BoA the largest US bank by assets, with $2.7...http://www.newser.com/story/46803/boa-wells-fargo-wrap-up-takeovers.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 01 Jan 2009 15:27:06 CSThttp://www.newser.com/story/42226/citigroup-looks-to-buy-bank-after-wachovia-misstep.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAfter losing Wachovia to Wells Fargo, Citigroup is again looking to buy a bank to bolster its deposit base in the face of continuing economic turmoil, reports the Wall Street Journal . The latest target is a regional bank considerably smaller than Wachovia. Citi recently drew $25 billion from the Treasury...http://www.newser.com/story/42226/citigroup-looks-to-buy-bank-after-wachovia-misstep.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 10 Nov 2008 7:54:01 CSThttp://www.newser.com/story/40623/sour-earnings-sink-stocks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagRecession fears kept bears roaring today, as the Dow shed 230 points at the open on a spate of lousy third-quarter results. Wachovia posted a staggering $23.9 billion loss to lead a group of five gloomy blue chip reports, the Wall Street Journal reports. “We’ve seen a range of...http://www.newser.com/story/40623/sour-earnings-sink-stocks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 22 Oct 2008 8:51:23 CDThttp://www.newser.com/story/40617/wachovia-takes-massive-239b-3rd-quarter-loss.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWachovia reported losses of $23.9 billion in the third quarter, a whopping hit of $11.18 per share that blew by analysts’ estimates of a 2-cent-per-share loss, reports Bloomberg. But Wachovia’s loss—virtually all tied to mortgages or mortgage-related securities—may be Wells Fargo’s gain.http://www.newser.com/story/40617/wachovia-takes-massive-239b-3rd-quarter-loss.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 22 Oct 2008 8:40:46 CDThttp://www.newser.com/story/39663/feds-give-green-light-to-wells-fargo-wachovia.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFederal antitrust regulators cleared Wells Fargo's $11.7 billion acquisition of Wachovia Corp. today, capping a weeklong battle for the Charlotte, NC-based bank. The rapid approval comes a day after Citigroup walked away from its acquisition effort. Citigroup plans to seek $60 billion in damages for breach of contract but...http://www.newser.com/story/39663/feds-give-green-light-to-wells-fargo-wachovia.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 10 Oct 2008 15:02:01 CDThttp://www.newser.com/story/39575/citi-drops-wachovia-talks-will-still-sue-for-damages.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCitigroup said today it's going to let Wells Fargo go ahead with its acquisition of Wachovia, the Wall Street Journal reports. But all's not chummy in the banking world: Citigroup, which charges that Wachovia illegally backed out of a deal to accept a sweeter offer from Wells Fargo, is still...http://www.newser.com/story/39575/citi-drops-wachovia-talks-will-still-sue-for-damages.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 09 Oct 2008 17:23:50 CDThttp://www.newser.com/story/39570/dow-falls-678-to-sub-9000-close.html?utm_source=syn&utm_medium=rss&utm_campaign=tagStocks plunged in the last hours of trading today as a number of government moves did little to shore up investors' confidence, MarketWatch reports. The Dow’s losses accelerated sharply after it dropped below the psychological threshold of 9,000 points. It closed down 678.91 at 8,579.19; the...http://www.newser.com/story/39570/dow-falls-678-to-sub-9000-close.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 09 Oct 2008 15:32:29 CDThttp://www.newser.com/story/39300/wells-citigroup-call-truce-in-wachovia-battle.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCitigroup and Wells Fargo have agreed to back off from their legal tug-of-war over Wachovia until tomorrow, reports the San Francisco Chronicle . The Fed-brokered agreement comes after days of furious legal wrangling and a $60 billion lawsuit filed by Citigroup against both Wells and Wachovia yesterday. Insiders say Citigroup and...http://www.newser.com/story/39300/wells-citigroup-call-truce-in-wachovia-battle.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 07 Oct 2008 2:47:26 CDThttp://www.newser.com/story/39259/dow-down-700-hits-4-year-low.html?utm_source=syn&utm_medium=rss&utm_campaign=tagStocks continued downward today, with the Dow falling a record 782 points, the Wall Street Journal reports, and settling mid-afternoon around 9,571, below 10,000 for the first time since October 2004. “This is just about fear right now, and whether stocks are going to close down 200 or...http://www.newser.com/story/39259/dow-down-700-hits-4-year-low.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 06 Oct 2008 13:58:14 CDT