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Wachovia reps welcome takeover by Wells Fargo
Brokers at Wachovia Securities LLC are relieved that the back-and-forth saga over the fate of their parent company has ended.
Wirehouse reps’ futures hanging in limbo
Wirehouse representatives have been on tenterhooks since last week, awaiting the fate of their parent companies — while at the same time trying to deal with the market meltdown.
Wells Fargo: Wachovia merger still on
Wells Fargo & Co. of San Francisco said late Thursday that it is proceeding with its proposed acquisition of all of Wachovia Corp. of Charlotte, N.C.
Wachovia reps welcome Wells Fargo news
Late last Thursday, Citigroup Inc. of New York said it was ending talks with Wells Fargo and Co. about how to divvy up the assets of Charlotte, N.C.-based Wachovia Corp.
Citi kills talks with Wells Fargo
Citigroup Inc. of New York has ended negotiations with Wells Fargo & Co. of San Francisco over the Wachovia transaction, according to a statement by Citigroup released early this evening.
Putnam names head of global marketing
Putnam Investments today named Jeffrey R. Carney to the newly created position of senior managing director and head of global marketing and products at the Boston-based firm.
Snit in the Citi on Wells’ unwelcome offer
With its stock down 18%, Citigroup is trying to keep its federally backed deal to buy Wachovia’s banking unit alive amid a competing offer Friday from Wells Fargo.
Citi, Wells Fargo extend Wachovia time-out
Citigroup Inc. of New York and Wells Fargo & Co. of San Francisco have extended their legal truce until 8 a.m. ET, Fri. Oct. 10 as they battle over how to divvy up the assets of Wachovia Corp. of Charlotte, N.C.
Citi, Wells Fargo may split Wachovia
Brokerage, asset management and Western bank branches would go to Wells Fargo, with Citi taking branches in the East.
Wachovia advisers get whiplashed
The sighs of relief emanating from Wachovia Securities LLC brokers were almost audible early Friday morning when the firm's parent said that it intends to sell itself to Wells Fargo & Co. and scuttle a previous deal to hand the bank over to Citigroup Inc.
FDIC, Fed and Comptroller comment on Wells Fargo deal
The government bodies say they will make sure any deal protects the public.
Citi blasts Wachovia-Wells Fargo deal
Citigroup labels Wells Fargo's conduct as "tortious interference" and indicates it may sue.
Citi out; Wells Fargo to merge with Wachovia
In a $15 billion deal that leaves Citigroup in the cold, San Francisco's Wells Fargo will merge with Wachovia, leaving the bank and its brokerage operation intact.
Citigroup buys Wachovia’s banking unit
Citigroup's move to acquire Wachovia Corp.’s 3,300 branches highlights a remarkable turnaround for the bank, once one of Wall Street's most troubled institutions.
Mood of wirehouses reps is improving
Wirehouse reps were breathing a bit easier last week as their employers were able to step back from the brink of financial collapse.
Wall Street’s new world order
It took 10 days for Russian revolutionaries in 1917 to overturn centuries of Czarist rule but capitalism works even faster.
Wachovia to cover funds exposed to Lehman
Wachovia Corp. has entered into support agreements with several money market funds managed by its asset management unit, Evergreen Investments to cover the value of holdings of credit from Lehman Brothers.
Wachovia gunning for Merrill reps
In a conference call yesterday afternoon, a Wachovia executive told a number of independent recruiters that the firm is financially sound and stable, and “it really wants to get in front of these Merrill guys,” said one recruiter who was on the call, who asked not to be identified.
Wachovia names Bear vet fixed-income head
Wachovia Securities LLC of St. Louis has added Craig Overlander as managing director and global head of fixed income.
Wachovia hires chief investment officer
Wachovia Securities LLC of St. Louis has named Tom McManus as its new chief investment officer.
