Several of the nation's biggest banks have failed or been absorbed by healthier institutions, leaving three giant "superbanks" with an unprecedented concentration of market power: Bank of America,...
The battle between Wells Fargo and Citi for Wachovia is over and Wells is the winner. Citi walked away citing concerns over Wachovia's loan portfolio. Wells gets to greatly expand its banking...
In a surprise move, Wachovia scrapped its deal with Citi and agreed to be acquired by Wells Fargo. Wells not only agreed to buy the whole bank, but raised its offer price and did the deal without...
Wachovia Corp. agreed to sell itself to Wells Fargo in a $15.4 billion takeover that will require no government assistance, scrapping a federally backed deal with Citigroup Inc.
This is good for...
Wells Fargo's results show that a financial institution which has remained fcoused on credit quality and risk management even throughout the housing and credit bubbles of the early part of the this...
Bank of America, Wells Fargo, and US Bancorp are three of the biggest diversified banks in the US. I agree with this article that they will benefit from the mortgage fall-out. All pay nice...
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