A New York State judge has temporarily blocked the merger of Wachovia with Wells Fargo, according to a news release by Citigroup - which is trying to buy Wachovia itself.
Big customers fled Wachovia
In posting a surprising $24 billion quarterly loss, Wachovia reveals that its commercial customers were yanking deposits amid the panic that led to the bank's sale to Wells Fargo.
Wachovia suffers nearly $24 billion loss
Wachovia reported arguably its most painful loss to date Wednesday, in what might be the bank's last quarterly results before it becomes a part of Wells Fargo.
Fed clears Wachovia bank takeover
US Federal Reserve approves a $12bn takeover of troubled bank Wachovia and it subsidiaries by Wells Fargo.
Wachovia Deal Still In Legal Limbo
It will be at least one more day before Citigroup and Wells Fargo can settle their dispute over which company gets to buy banking giant Wachovia. Citigroup and Wells Fargo agreed to extend...
Court tilts Wachovia fight toward Wells Fargo (AP)
AP - The battle for control of troubled bank Wachovia tilted toward Wells Fargo Sunday as a state appeals court blocked a lower court ruling that had favored rival bidder Citigroup.
Post new comment