Wachovia Corp has begun early merger talks with several suitors.Wachovia, the sixth-largest U.S. bank by assets, began preliminary talks with Citigroup Inc.Wachovia has entered preliminary merger talks with Citigroup, Banco Santander SA and Wells Fargo & Co.The market value of Wachovia was about $21.6 billion.JPMorgan Chase & Co's decision to write down $31 billion of loans it took over when it bought much of Washington Mutual Inc banking operations on Thursday for $1.9 billion may foreshadow greater losses at Wachovia
0 comments:
Post a Comment