Monday, October 06, 2008

Wachovia: A Split May Boost the Banking Industry - BusinessWeek

"If Bush is right, that could mean the era of regulators forcing troubled banks into shotgun marriages—with no recovery for investors in banks such as Wachovia or investment firms like Bear Stearns—could be coming to a close. And the Wells Fargo deal, which Wachovia's board embraced on Oct. 3, prompting Citigroup to sue, could convince investors that for all the bad loans and soured investments these firms are sitting on, acquirers are getting a steal."

No comments:

Post a Comment