There are some very happy Wachovia shareholders, and advisors, out there this morning. Wells Fargo agreed to acquire all of Wachovia’s operations for $15.4 billion, or about $7 a share, in an all stock deal, the companies announced on Friday...
Apparently, not everyone is pleased by the Citigroup deal in which Citi would buy Wachovia Corp.’s bank branches, deposits and private bank, for $2 billion, or about $1 a share.
Merrill Lynch CEO John Thain has a job.
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Firing clients is a delicate business.
Ladenburg Thalmann, a 129-year-old investment bank, is rapidly buying its way into the independent broker/dealer world.
Humble pie never tasted so good.