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The day Wachovia died (from Corporate Dealmaker)

You might think we're referring to Monday, Sept. 29. That's when Citigroup Inc. announced it was buying Wachovia Corp. for $2.16 billion in stock. But Oct. 2, 2006, would be just as accurate. That's the day Wachovia closed its nearly $26 billion acquisition of Golden West Financial Corp. Even at...

Posted on September 29, 2008 12:03 PM

How Golden West deal weakened Wachovia (from Corporate Dealmaker)

Wachovia Corp.'s announcement that it will raise $7 billion in emergency capital has brought cries for the resignation of CEO Ken Thompson (pictured). It has also drawn fresh scrutiny to the 2006 deal that brought Wachovia to this pass: the May 2006 purchase of Golden West Financial and its California...

Posted on April 15, 2008 12:19 PM