A wild ride: The major changes in the broker-dealer world since July 2008
Oct. 3: Wells Fargo & Co. makes an 11th-hour bid to buy Wachovia Corp. in a $15.1 billion all-stock deal, scuttling plans by Citigroup Inc. to buy the nation's fourth-largest bank in a transaction that would have required the help of the Federal Deposit Insurance Corp. The deal closes Dec. 31.
Oct. 5: In a conference call, CEO Larry Roth (above) reportedly tells reps that the AIG Advisor Group's three broker-dealers will be sold as part of a package that includes parent American International Group Inc.'s entire retirement business.