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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: Wells Fargo & Co

Wells Fargo & Co stories: 3 news summaries

Citigroup Looks to Buy Bank After Wachovia Misstep

Seeking to ease embarrassment from its failed bid, it looks to buy a regional player

Nov 10, 08 7:54 AM CST
(Newser) - After losing Wachovia to Wells Fargo, Citigroup is again looking to buy a bank to bolster its deposit base in the face of continuing economic turmoil, reports the Wall Street Journal. The latest target is a regional bank considerably smaller than Wachovia. Citi recently drew $25 billion from the Treasury... More »

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Citigroup • mergers and acquisitions • Wachovia • Wells Fargo & Co • banking industry

Wachovia Takes Massive
$23.9B 3rd Quarter Loss

Writedowns lead to $11.18 per share loss; Wells Fargo says merger on track

Oct 22, 08 8:40 AM CDT
(Newser) - Wachovia reported losses of $23.9 billion in the third quarter, a whopping hit of $11.18 per share that blew by analysts’ estimates of a 2-cent-per-share loss, reports Bloomberg. But Wachovia’s loss—virtually all tied to mortgages or mortgage-related securities—may be Wells Fargo’s gain. More »

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Wachovia • corporate earnings • writedowns • Wells Fargo & Co • financial crisis

Corn May Be Recipe for Disaster

Drought would ripple through US economy

Mar 3, 08 12:05 PM CST
(Newser) - The US is becoming so dependent on corn that a drought would have catastrophic effects that would ripple throughout the economy, reports the LA Times. Corn is essential as staple livestock feed, artificial sweetener, and a basic component of ethanol. A "corn shock" could lead to $5 gas and... More »

MORE ABOUT:
ethanol • corn • wheat • US economy • grain • corn syrup • cornfeed • corn shock • Wells Fargo & Co • platinum • Soy • corn belt • Renewable Fuels Association • Earth Policy Institute • Energy Independence and Security Act • switchgrass

3 Stories


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