Entries tagged "Wachovia Corp"
Rumors of talks for potential merger of Morgan Stanley and Wachovia Corp, are calming the debt markets as spreads on credit default swaps for both banks tightened Thursday morning....
The Bank of Nova Scotia is open to making more acquisitions of money managers in North America. According to a report by Bloomberg, analysts have speculated that potential targets could include the money management units of troubled Ohio banks National City Inc., KeyCorp and Fifth Third Bancorp, and Wachovia Corp.'s Evergreen mutual funds. Not mentioned in the Bloomberg report is Lehman Brothers Inc.'s Neuberger Berman LLC unit, which could also be up for sale. ...