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Wachovia Bank Mortgage
FED CAN'T BANK ON WACHOVIA MERGER
Acquiring Wachovia, the troubled bank, will not be easy - or cheap - no matter what CEO Robert Steel says. The executive told investors last week that only $10 billion of the bank's $500 billion loan portfolio was "problematic" and that it had an...
Federal intervention a plus for Wachovia
Details are scarce on the federal government���s plans to take troubled mortgage assets off the hands of the nation���s financial institutions. But analysts agree the intervention bodes well for the industry and could be a boon for Wachovia Corp. MS
Wachovia, Morgan to scrap talks of merger?
Charlotte-based Wachovia Corp. and New York investment bank Morgan Stanley were ���deep in discussions��� about a merger Sunday, the Wall Street Journal reported, amid continued pressure on the business model of traditional investment banks. The talks came as the Federal Reserve approved a request Sunday by the last two major standalone investment banks ��� Goldman Sachs and Morgan Stanley ��� to change ...
Morgan, Wachovia Merger Off Table: Report
The Federal Reserve's announcement that Morgan and Goldman Sachs would become bank holding companies likely puts an end to a Morgan/Wachovia tie-up, according to a report.
Wachovia-Morgan Stanley deal unlikely
A merger between Wachovia Corp. and Morgan Stanley is unlikely, now that Morgan Stanley has been converted to a bank holding company, CNBC reports. MS BAC WB
Report: Wachovia-Morgan Stanley deal unlikely
A merger between Wachovia Corp. and Morgan Stanley is unlikely now that investment bank Morgan Stanley has been converted to a bank holding company, CNBC reports. MS WB
Report: Wachovia-Morgan Stanley deal unlikely
A merger between Wachovia Corp. and Morgan Stanley is unlikely, now that Morgan Stanley has been converted to a bank holding company, according to a report Monday morning. MS BAC WB
Morgan Stanley freezes merger talks with Wachovia: report
US investment giant Morgan Stanley has frozen talks on a merger with Wachovia bank but is pressing on with talks for CIC of China to end up with a big stake in it, the FT online reported today.
(AFX UK Focus) 2008-09-22 10:12 Morgan Stanley freezes merger talks with Wachovia - report
PARIS Thomson Financial - U.S. investment giant Morgan Stanley has frozen talks on a merger with Wachovia bank but is pressing on with talks for CIC of China to end up with a big stake in it, the FT online reported on Monday.
Stocks fall as investors await bank bailout plan
Financial markets pulled back in uneasy trading Monday as investors awaited details of the government's plan to buy $700 billion in banks' mortgage debt. The Dow Jones industrial average fell more than more than 200 points while the credit markets remained nervous, but not showing the signs of panic that Treasury trading saw last week.
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