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Wachovia reports $23.9B loss for 3Q
NEW YORK – Wachovia Corp. on Wednesday reported a staggering $24 billion loss as it took a goodwill impairment charge of nearly $19 billion ahead of its acquisition by Wells Fargo ...
Bill for bank guarantee could near $2 trillion
Funds spent over three years to total 20 percent of the national debt WASHINGTON - The government may guarantee nearly $2 trillion in U.S. banks' debt and ...
How the superrich are surviving tough times.
Upper East Sliders Where cutting back means ditching the private jet. How the superrich are surviving tough times. By Holly Peterson | NEWSWEEK Published Oct 11, 2008 From the magazine issue dated Oct 20, 2008 If you'd wanted to gauge the mood of Manhattan's ...
Citi talks with Wells over Wachovia break down
NEW YORK - Citigroup says it has ended negotiations with Wells Fargo in their fight to acquire Wachovia. Citigroup says it believes it has strong legal claims against Wachovia and Wells Fargo for breach of contract and plans to pursue its claims vigorously....
BofA agrees to auction-rate buyback
BofA agrees to auction-rate buyback Bank of America settles with SEC and says it will repurchase $4.7 billion in auction-rate securities to allay fraud charges....
Wachovia, Citi, Wells Fargo to extend standstill agreement
By Sue Chang Last update: 12:45 p.m. EDT Oct. 8, 2008 Comments: 17 SAN FRANCISCO (MarketWatch) -- Wachovia (WB: Wachovia Corp News, ...