hunter

Citi Examines Its Carrots and Sticks

With either deal Wachovia shareholders are not getting just value for what Wachovia is worth. With the rescue package passed and relaxation of mark to market accounting rules Wachovia may want to remain independent. Wachovia employees should push for them to remain independent. Maybe even tkae pay cuts to improve the company.

Who Is Now Number One in the Banking Industry?

The best thing for the banking public may be for Wachovia to remain independent. If Wachovia is bought competition will lessen and that will be bad for the consumer. I too hope Wachovia will take advantage of the rescue bill and the relaxation of mark to market accounting rules. Wachvovia has a very profitable retail bank and their customer satisfaction reviews are among the highest in the industry. With the rescue package passed Wachovia can overcome its mtg woes and earn itself out of this mess. If Wachovia employees truly care about their company they should do what airline industry employees have done and take pay cuts to ensure their future. Wachovia's Sr MGRs should take the lead in salary cuts and take back ownership and make their company great again.

Wells Fargo's Big Deal: The Strong Keep Getting Stronger

Amen ishortyou. With the rescue package in place and relaxation of mark to market accounting rules the best thing for Wachovia may be to remain independent. No matter what Citi does Wachovia shareholders will decide this issue. Neither Citi nor Wells are offering a fair price for Wachovia and the large shareholders of Wachovia will see that.

Wachovia Sale to Wells Fargo Is a Better Deal for the U.S. Banking System

After all this wrangling between the two banks attempting to buy wachovia the wachovia share holders will ultimately decide. The FDIC had no business bulldozing Wachovia into a deal with Citi. Wachovia is not in jeopardy and now with the rescue package passed and relaxation of mark to market accounting rules Wachovia should remain independent. Remaining independent may be the best thing for Wachovia shareholders and the banking public. If the 4th largest bank is no longer competition will lessen and the consumer will be hurt with higher fees ect. Wachovia shareholders are not getting a good deal either from Citi or Wells Fargo. Wachovia has a lot of underlying good businesses. Their retail bank is among the best and most profitable among its peers. Wachovia should be getting no less than 30 billion to sell. With Citi's troubles Wells Fargo needs to step to the plate with a better offer an offer that will resolve the issue once and for all.

Wachovia for Free? Citi Still Paid Too Much

Wachovia is getting a raw deal from everyone involved in this deal from the Govt down. It will never pass shareholder vote. So get ready for a battle Feds and Citi.

Citi in Talks With Wachovia as $700B Bailout Plan Moves Forward

Yes Golden West is the culprit. But those loans would have gone bad no matter who owned the Co. If Golden West were still a company on its own the bad mtg loans would still be bad. The Govt is the number one contributor to all these mtg loans going bad by making financial institutions make 100% LTV loans under the CRA(community reinvestment act). It doesnt matter whether its Golden West, Wachovia, or any number of mtg lenders. The Govt wanted these people in these homes and threw out sound lending practices to force financial instutions to make them.