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It will be interesting to see how Charlotte weathers the banking storm.
Everyone has to use their own best judgement in the financial climate we're currently in, but, I'm taking extreme precautions and putting my money where I know it's safe.
Now, if only I could find some gasoline.....
As we all know, Wachovia's biggest mistake was it's acquisition of Golden West. I predict that since the gov will be bailing out the banks as well as saving the crap mortgages out there, that Wachovia will end up weathering this fairly well. Truly, I would be more concerned about BOA's acquiring Countrywide- I dont see that being anything but a lead balloon, d/t them being the largest seller of subprimes.
It will be interesting to see how Charlotte weathers the banking storm.
Everyone has to use their own best judgement in the financial climate we're currently in, but, I'm taking extreme precautions and putting my money where I know it's safe.
Now, if only I could find some gasoline.....
Yeah, but isn't stuffing gasoline in your mattress going to be kind of messy and dangerous?
It's stilla run between Citi and BofA. BofA should take over the lead in most areas with Merrill, but in thep ast it's been all about you look at in size. Market Cap, was always Citi, Deposits was BofA, Revenue was back and forth, Profit is now all BofA. This is terms of Banks, not Financial Insitituins, which used to include AIG.
WAMU was way under margined and having issues, JPmorgan picked up quite a few Branches and will be abigger player on the Banking Side vs. Investments and 401K.
I don't know about that considering the new Chase will have about $900 billion in deposits. They will have the second-largest concentration of deposits in the United States, with a market share of 10.5 percent, just behind Bank of America, with 10.8 percent.
I also heard that Wachovia is in talks with Wells Fargo.
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