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« How to evade that pesky SEC short selling ban? Wall Street thinks it may have an answer | Main | Wachovia suitors may play hard to get, eyeing the JP Morgan / WaMu model »

Wachovia may be looking to get hitched

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Wachovia says they don't have "liquidity issues" (at least as of today) but they're nonetheless reportedly testing the merger waters. The toxic debt laden bank is reportedly in preliminary merger discussions with Banco Santander, Wells Fargo and Citigroup.   The stock got nailed today, closing at $10, down  $3.70.
achovia reportedly in talks with three suitors - MarketWatch

September 26, 2008 in Banks, Citigroup, Credit Crunch, M&A, Subprime mortgages, Wachovia |

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