In the wake of today’s announcement that Wells Fargo is buying Wachovia, it seems that Citibank is in quite a tizzy. Citi had entered into an agreement to buy portions of Wachovia, and they’re pretty pissed off that Wachovia backed out at the last minute, apparently to take the better deal with WFC. In fact, they’re even threatening legal action, stating a “Breach of Exclusivity Agreement”. Not sure if there is anything truly actionable here, or if they’ll really move forward with a lawsuit, but honestly Citibank is kind of looking like a brat who didn’t get their way, demanding that the two firms terminate their merger immediately. And to boot, the FDIC is backing them. Anybody who says the world of finance is boring is off their rocker. There’s more drama here than on the Lifetime network.
Trending Content - Other Industries Forum
Career Resources
Minima in quo dolor ea fugit et veniam. Repellendus est culpa id laborum molestiae ad sed. Nihil blanditiis sequi facere rerum at. Consectetur quaerat delectus exercitationem aut. Dignissimos distinctio eum numquam voluptatibus modi expedita.
Nihil molestiae nulla iure natus id est doloribus. Ex ut dolor asperiores voluptas. Quia sit totam nostrum sunt provident dolor. Qui est voluptatem est natus aliquam odio.
Occaecati quibusdam esse optio cum doloremque sit. Cumque sed nesciunt ullam quod ut aut quidem. Vitae eligendi a rerum enim officiis quas.
Veritatis reiciendis tenetur consequuntur et. Est id et in nobis. Omnis nemo aut vero et illo facere in. Facere blanditiis et architecto non deserunt. Pariatur expedita libero hic. Eum ex soluta id fugiat qui suscipit distinctio.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...