Wachovia Dumps Citicorp and Marries Wells Fargo-Great Econ Sign
Posted on October 3rd, 2008 by Stuart O'Neill
Wachovia Bank has had serious net worth and financial issues for months. Just last week Wachovia agreed to be merged with Citicorp for $1 a share and an FDIC guarantee against certain losses.
Just yesterday Wells Fargo offered $7 a share with no FDIC involvement. It has Citicorp pissed to the walls which is reflected in [...]
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