List
of articles tagged as Wachovia
Wall Street stocks plunged in the second biggest single day point loss in history and their worst pe
Thursday, October 16, 2008 www.mid-day.com
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Cities
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Delhi: Wall Street stocks plunged in the second biggest single day point loss in history and their worst percentage fall in two decades, ravaged by fears the world's biggest economy is slipping into recession.
The Dow Jones Industrial Average slid 733.08 points (7.87 per cent) to close at 8,577.91 yesterday in the worst one-day point loss since last month's record 777-point decline and the stee
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Delhi
Dow-Jones
Wachovia
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Comments | Submitted by : tango
The US Federal Reserve is brokering discussions between Wells Fargo & Co and Citigroup.
Monday, October 06, 2008 www.indianexpress.com
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Business
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Washington: The US Federal Reserve is brokering discussions between Wells Fargo & Co and Citigroup Inc over which of the banks will buy Wachovia Corp's assets, people familiar with the matter said on Sunday.
The Fed is pushing the two banks to compromise by potentially carving up Wachovia between them, the Wall Street Journal reported. Wachovia, the sixth-largest US bank, has been hobbled by the
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Washington
US
Wachovia
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Comments | Submitted by : corporate
Citigroup buys Wachovia banking operations
Tuesday, September 30, 2008 www.mid-day.com
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Business
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NEW YORK: In the latest byproduct of the widening global financial crisis, Citigroup Inc will acquire the banking operations of Wachovia Corp in a deal facilitated by the Federal Deposit Insurance Corp (FDIC).
Citigroup will absorb up to $42 billion of losses from Wachovia's $312 billion loan portfolio, with the FDIC covering any remaining losses, the government agency said yesterday.
The deal
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NEW-YORK
Citigroup
FDIC
Wachovia
JP-Morgan
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Comments | Submitted by : sharekhan
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