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Old 09-26-2008, 02:02 PM
 
Location: State of Being
35,885 posts, read 67,046,730 times
Reputation: 22371

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Well, who knew. I thought we had seen the last of the big deals since Morgan Stanley pulled out . . . but breaking news . . . Wachovia and Citigroup in talks.

Hang on, Charlotte!
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Old 09-26-2008, 02:17 PM
 
Location: Huntersville
1,521 posts, read 4,477,941 times
Reputation: 298
you happen have a link?
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Old 09-26-2008, 03:20 PM
 
Location: Charlotte,NC, US, North America, Earth, Alpha Quadrant,Milky Way Galaxy
3,769 posts, read 6,755,540 times
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Seems like this would be one where citi merges with wach vs. the recent deals for wach where they merge another entity into the company. that would be interesting, but wouldn't this also be subject to the same regulatory restrictions that a possible chase and wach merger would face.
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Old 09-26-2008, 03:23 PM
 
338 posts, read 790,369 times
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It seems like Citi would simply take over Wachovia like JPM did with WaMu.
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Old 09-26-2008, 03:34 PM
 
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I wonder who'll get Citigroup after they buy Wachovia?
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Old 09-26-2008, 03:37 PM
 
23 posts, read 42,793 times
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They're also in talks with Wells Fargo and Banco Santander (Spain).
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Old 09-26-2008, 05:35 PM
 
184 posts, read 430,219 times
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I hope everyone likes Chinese

GO CHINA GO
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Wachovia shares down; Citigroup in talks-china.gif  
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Old 09-26-2008, 05:54 PM
 
Location: State of Being
35,885 posts, read 67,046,730 times
Reputation: 22371
Quote:
Originally Posted by remedy a4 View Post
I hope everyone likes Chinese

GO CHINA GO


Remedy, say it isn't so!!!!
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Old 09-26-2008, 08:57 PM
 
184 posts, read 430,219 times
Reputation: 61
its not that America is failing- far from it

but the "rise of the rest" is something that will affect us all

it's important to note how quickly countries like China, Russia, and India are growing- unprecidented rates beyond that of any US growth since the end of the 2nd World War, if not even greater

the world's wealth is shifting- soft power- although still not as strong as US and clearly hard power not as strong as US- is shifting- the earth as we know it will not be the same as we gradually shift back from a unipolar world not to a bi polar world, but to a multi-polar world

look bottom line, there is money in the world, but it's not in the United States, I wouldn't be surprise if a bank like HSBC already with a US presence decided to come in and pick up something like Wachovia- it's all relative really
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