As Washington Mutual’s collapse remains fresh on the minds of Federal regulators, pressure is increasing for Wachovia to strike a deal with its two bidders. Wells Fargo and Citigroup have offered to buy the troubled bank. I believe Wells Fargo will ultimately prevail as Citigroup has a myriad of its own troubled assets.
29Sep
Wachovia forced in to Wells Fargo or Citi’s hands
Economy, Finance, Stocks
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