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Wells Fargo and Wachovia, geographic overlap and integration (from Corporate Dealmaker)

It appears that Wells Fargo & Co. will be buying Wachovia Corp. for $15.1 billion -- not that Citigroup Inc. is going away quietly. In a press release, Citi says it plans to follow through with its $60 billion breach of contract suit. But that's a story for another post....

Posted on October 10, 2008 3:13 PM

Breaking apart Wachovia not so easy (from Corporate Dealmaker)

The battle for Wachovia Corp. rages on, with Citigroup Inc. and Wells Fargo & Co. angling for the biggest share of their target's $448 billion in low-cost deposits. One option in the Fed-brokered negotiations would split Wachovia in two, with Citigroup taking control of Wachovia branches in the Northeast and...

Posted on October 8, 2008 12:55 PM

What's in store for Merrill Lynch brokers (from Corporate Dealmaker)

With all the talk of layoffs on Wall Street, it's a pleasure to read about efforts to retain banking talent. That's what we found in Wenesday's Charlotte Observer, the hometown newspaper of Bank of America Corp. We've been checking the paper's Web site occasionally since news broke about BofA's $50...

Posted on September 17, 2008 2:14 PM

'Bank of America is taking over the world' (from Corporate Dealmaker)

That comment was made in jest by a Bank of America Corp. employee in Charlotte, N.C., but if the newspaper story in which it appeared is any indication, it reflects the upbeat mood of politicians and business boosters following BofA's deal to buy Merrill Lynch & Co. BofA is headquartered...

Posted on September 16, 2008 11:59 AM