Peak Oil News and Message Boards : Wachovia freezes accounts of nearly 1,000 colleges : Economics & Finance

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spot5050

Post subject: Re: Wachovia freezes accounts of nearly 1,000 colleges

Posted: Sat Oct 04, 2008 6:39 pm

Heavy Crude

Joined: Tue Dec 07, 2004 1:00 am
Posts: 483
Location: Cheshire, England

Battle to buy Wachovia heats up (BBC News, Friday, 3 October 2008)

Quote:

The battle for troubled US bank Wachovia has heated up with two rival suitors now competing for the firm.

Wells Fargo has announced it is set to buy Wachovia for $15.1bn (£8.5bn).

This scuppered an earlier US government-backed rescue deal in which Citigroup would buy Wachovia's banking arm for $2.2bn.

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