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Wells Fargo

Federal Reserve approves Wells Fargo's Wachovia buy

WASHINGTON (AP) — The Federal Reserve on Sunday approved Wells Fargo's $11.7 billion acquisition of Wachovia, removing the deal's last major regulatory hurdle. The Fed's move comes after federal antitrust regulators also moved...

Paulson calls for global cooperation on crisis

Treasury Secretary Henry Paulson called for coordinated, international steps to deal with the global financial crisis, warning a meeting of the world's financial leaders that isolation and protectionism could deepen problems.

Wachovia Will Forgo Vote on Stock

Wachovia Corp. is foregoing a shareholder vote on the issuance of preferred stock to Wells Fargo & Co., which intends to buy the Charlotte, N.C., bank, but a Wachovia spokeswoman said shareholders still need to approve the...

The Uphill Battle at Fox Business - BusinessWeek

The economic crisis may give Murdoch's year-old business channel a lift in its battle with CNBC Opening Bell host Glick broke news of the Citi-Wachovia dispute Jennifer S. Altman After September 11, the combative patriotism of...

U.S. bank problems likely to spark mergers, asset sales

The unrelenting financial crisis is pounding U.S. commercial banks, transforming the industry landscape and likely leading to a rising wave of bank mergers and fire sales in the coming months. "We've never seen such uncertainty...

Europe bank rescue plan brings hope

WASHINGTON (Reuters) - Chaotic financial markets may react positively this week to a long-sought coordinated response by world leaders to a financial tsunami threatening to wipe out the global banking sector.

Trends: Even manager is in a holding pattern

Rely on portfolio’s diversification and wait a bit before reallocating, adviser says By KATHLEEN GALLAGHER kgallagher@journalsentinel.com In the midst of a deep housing crisis, financial industry meltdown and global market...

The Panic Trade: A 20-Stock Defensive Growth Portfolio

The accompanying table presents a 20-stock defensive growth portfolio which I believe will outperform the overall market as measured by the S&P 500 Index as the current panic trade comes to an end and investors stop selling...

Federal Reserve Board approves Wachovia-Wells Fargo merger

JURIST] The US Federal Reserve Board [official website] Sunday approved [press release] a controversial merger between Wachovia bank and Wells Fargo that had prompted a legal challenge from jilted corporate suitor Citigroup...

Ten Things You Can Learn From '70s Recession

59 mins ago

LOS ANGELES (AdAge.com) -- Stock watchers and economists draw stark comparisons between the 1970s and now as conventional wisdom grows that we are entering a period of prolonged darkness like the malaise then.

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