wachovia

Stocks tumbled Wednesday morning as Wachovia's big quarterly loss and a host of other bleak earnings reports exacerbated recession fears.

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 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.

US Federal Reserve approves a $12bn takeover of troubled bank Wachovia and it subsidiaries by Wells Fargo.

US financial giant Citigroup says it will not seek to bar Wells Fargo from taking over troubled bank Wachovia.

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 their legal standstill until Friday. Meanwhile, at Wachovia's home base in Charlotte, N.C., anxious workers await their fate.

Julie Rose reports for member station WFAE.

Citigroup and Wells Fargo, the two banks fighting to buy Wachovia, agreed on Wednesday to extend a standstill on legal wrangling over the deal until Friday.

Question: I have had several money managers over the years from Merrill Lynch, to UBS to currently Wachovia. I am paying a fee of about 1% on average but am sure there are other fees that I don't know about.

I'm not sure this is working. What should I do?

The battle for Wachovia continues as Wells Fargo secures an appeal court ruling that overturns an attempt to block the takeover.