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By Jonathan Stempel 25 minutes ago NEW YORK (Reuters) - Wells Fargo & Co (WFC.N), whose planned purchase of Wachovia Corp (WB.N) will create the largest U.S. retail branch banking network, said on Wednesday third-quarter profit fell 25 percent, hurt by..
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By Jonathan Stempel 53 minutes ago NEW YORK (Reuters) - Wells Fargo & Co (WFC.N), which has agreed to buy Wachovia Corp (WB.N), asked a federal court to void Citigroup Inc's (C.N) earlier agreement to buy parts of the big North Carolina lender.
In a co..
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37 minutes ago WASHINGTON (Reuters) - The Federal Reserve said on Sunday it approved the takeover of Wachovia Corp and its banking subsidiaries by Wells Fargo & Co of San Francisco.
The Fed's decision formally made Wells Fargo the victor in a battle be..
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By Grant McCool 4 minutes ago NEW YORK (Reuters) - A hearing may be held on Monday in the federal case over the rival bids of Citigroup
(C.N) and Wells Fargo & Co (WFC.N) for Wachovia Corp (WB.N) even though Citigroup dropped out of negotiations, a U.S..
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35 minutes ago (Reuters) Citi Bank says it has ended negotiations with Wells Fargo on a Wachovia transaction, after failing to reach an agreement.
* Citi cites dramatic differences in parties' transactions structures, views of
risks, making mutually a..
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Thu Oct 9, 1:58 AM ET (Reuters) - Talks between Citigroup Inc (C.N), Wells Fargo & Co (WFC.N) and the U.S. government over a way to divide Wachovia Corp (WB.N) between its two suitors were hung up on several key issues Wednesday, The Wall Street Journal..
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2 hours, 1 minute ago NEW YORK (Reuters) - Wachovia Corp (WB.N), Citigroup Inc (C.N) and Wells Fargo & Co (WFC.N) agreed again to hold off on litigation over the acquisition of Wachovia while talks between the banks and the Federal Reserve continue.
A..
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By Dan Wilchins 5 minutes ago NEW YORK (Reuters) - Wells Fargo & Co (WFC.N) is likely to get about 75 percent to 80 percent of Wachovia Corp's (WB.N) deposits, while Citigroup (C.N) is likely to get closer to 20 percent to 25 percent of the deposits, a..
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57 minutes ago NEW YORK (Reuters) - Shares of Citigroup Inc (C.N) dropped 6 percent to $17.25 on Monday on uncertainty about plans to take over embattled Wachovia Corp (WB.N) .
The Federal Reserve was pushing Citigroup and Wells Fargo & Co (WFC.N) to c..
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By Dan Wilchins Sun Oct 5, 4:55 AM ET NEW YORK (Reuters) - Citigroup Inc said it won a court order late on Saturday blocking Wells Fargo & Co. from buying hobbled U.S. bank Wachovia Corp until the court rules otherwise.
Citigroup, which planned to buy..
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Fri Oct 3, 8:05 AM ET NEW YORK (Reuters) - Shares of Citigroup (C.N) fell 8 percent to $20.69 in pre-market trade after a merger deal was announced between Wachovia Corp (WB.N) and Wells Fargo & Co (WFC.N).
The planned Wachovia-Wells Fargo tie up would..
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By Eddie Evans and Ralph Boulton 27 minutes ago NEW YORK/LONDON (Reuters) - Wells Fargo & Co, one of the strongest U.S. banks, stepped in to buy Wachovia Corp. on Friday, hours before the House of Representatives was to vote on a $700 billion bailout bi..
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By Dan Wilchins 19 minutes ago NEW YORK (Reuters) - Wells Fargo & Co (WFC.N) said it agreed to buy Wachovia Corp (WB.N) for about $15.1 billion, without U.S. government help, thwarting a planned Citigroup Inc(C.N) deal that had been seen as big boost fo..
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14 minutes ago NEW YORK (Reuters) - Stock index futures fell on Monday as part of a global sell-off on fears that fallout from the U.S. mortgage crisis was spreading, threatening the stability of some European banks.
News that Citigroup, the largest U...
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1 hour, 8 minutes ago NEW YORK (Reuters) - Wachovia Corp (WB.N) has begun preliminary merger talks with Citigroup Inc (C.N), the New York Times said on Friday, a move that would combine two giant U.S. banks battered by the global credit crisis.
The tal..
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By Juan Lagorio and Jonathan Stempel 44 minutes ago NEW YORK (Reuters) - Shares of Wachovia Corp (WB.N) and National City Corp (NCC.N) tumbled on worries about heavy mortgage losses after talks on a $700 billion financial sector bailout bogged down and..
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Sat Sep 20, 11:49 AM ET CHICAGO (Reuters) - Morgan Stanley's (MS.N) board was expected to meet over the weekend to discuss a merger with Wachovia Corp (WB.N), the Wall Street Journal reported on Saturday.
A deal could include sovereign wealth fund Chin..
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By Joseph A. Giannone 2 hours, 25 minutes ago NEW YORK (Reuters) - The logic of a Morgan Stanley (MS.N) merger with Wachovia Corp (WB.N) was questioned Thursday by investors and analysts who worried a combination of the investment bank and the troubled..
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49 minutes ago (Reuters) - Morgan Stanley (MS.N) and Wachovia Corp (WB.N) were the subject of a report in the New York Times.
Morgan Stanley is considering a merger with Wachovia, according to people briefed on the discussions.
Morgan Stanley CEO John..
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43 minutes ago NEW YORK (Reuters) - Wachovia Corp (WB.N) on Monday named David Zwiener chief financial officer, the first major hire announced since Robert Steel became chief executive of the fourth-largest U.S. bank in July.
Zwiener, 54, joins from pr..
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