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BoA, Wells Fargo Wrap Up Takeovers

Tough road ahead for merged financial institutions

By Drew Nelles, Newser Staff

Posted Jan 1, 2009 3:27 PM CST

(Newser) – Bank of America and Wells Fargo completed their respective takeovers of Merrill Lynch and Wachovia this week, expected developments that close the books on a year of unprecedented change in the banking industry, Reuters reports. The acquisition of Merrill makes BoA the largest US bank... Read full story »

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BoA, Wells Fargo Wrap Up Takeovers

Tough road ahead for merged financial institutions

Bank of America • takeovers • Wachovia • mortgage • Merrill Lynch • Wells Fargo • banks • financial crisis

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More Newser Stories

Top Subprime Lenders Owned by Bailout Banks

Analysis of gov't data reveals sources of the economic meltdown

Banks Have Gotten a Bum Rap: BofA Chief Ken Lewis

The steps already taken are working, so let the market sort it out

Calif., NY May Sign On to Robo-Signing Settlement

Obama administration nearing deal for mortgage relief

AIG Sues Bank of America in Attempt to Recover Billions

Says it was misled about quality of mortgage-backed securities

How Banks' Fake Daisy-Chains Led to Meltdown

Self-dealing artificially propped up market for CDOs

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