Recent Banks and Lenders Articles
- Legg Mason's Bill Miller today: the "bottom has been made." If so, I like Bank stocks: BAC, UBS, JPM, WFC, CS, and DB.
- American International Inc., (NYSE:AIG) CEO spends a half an hour explaining Credit Default Swaps on PBS.
- Venture Capital ‘Angel’ in China? I’m not sure, but have a look at China Finance, Inc., (OTCBB:CHFI)
- Enter the Oligopoly. JP Morgan Chase Buys WaMu
- Bush Tries To Bail-Out Banks
Topic: Citigroup's (C) loss is Wells Fargo's (WFC) gain
The Federal Reserve Board on Tuesday said emergency conditions warranted its expedited action to approve Wells Fargo & Co's (NYSE:WFC - News) bid to acquire weakened banking rival Wachovia Corp (NYSE:WB - News).
The Fed issued its approval of the $12.2 billion deal in an unusual Sunday announcement on October 12, three days after Citigroup (NYSE:C - News) abandoned a brief but acrimonious battle over the third-largest U.S. bank by deposits.
