bankerbillb

JP Morgan Offer for Wachovia Makes Sense

The Fed wont move on the 10% threshold, why would they? WB shareholders would be open to $24/share if they believed Dimon would take them back to the day of $50+ but big bank mergers NEVER seem to work out the way they are presented on paper. Only way this deal gets done is at a discount price, WB sells off a lot of deposits and branches, and the integration is well planned and executed.

The True Cost Wachovia's Golden West Buy

The Golden West deal will be a serious issue for the next 12 months and probably cost WB $15-20 billion. But the fact that they fired Ken and have NO SUCCESSION PLAN is a freaking disaster! The whole BOD should be replaced as they come up for election.