Tag Archives: fullman
Treasury Said to Invest $125 Billion in US Banks
Bloomberg – The Bush administration will invest about $125 billion in nine of the biggest U.S. banks, including Citigroup Inc. and Goldman Sachs Group Inc., in the government’s latest attempt to shore up confidence in the financial system. The proposed […]
Citigroup, Wells Fargo Battle for Wachovia Continues
New York (HedgeCo.Net) – The tug of war over Wachovia continued yesterday, as Citigroup and Wells Fargo tried to reach an agreement over the future of the Charlotte-based bank. According to transcripts from a teleconference held between U.S. District Judge […]
Wachovia Hoping to Strike a Deal with Wells Fargo for $15 Billion
New York (HedgeCo.Net) – In an emergency hearing yesterday, U.S. District Judge John Koeltl left the door open for Wachovia to consider better offers, saying the law “appears” to permit bids from other potential buyers. This decision comes at a […]
JPMorgan Purchases WaMu Branches for $1.9 Billion
New York (HedgeCo.Net) – JPMorgan Chase & Co. has purchased Washington Mutual’s branch network for $1.9 billion, making them the largest U.S. bank by deposits. The deal was encouraged by the U.S. government after consumers withdrew over $16 billion from […]
