WACHOVIA PERSONAL FINANCE BANKING NEWS & INFORMATION
Thursday, January 08, 2009
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LATEST WACHOVIA PERSONAL FINANCE BANKING NEWS:

Banking and Financial
The financial services community and the media have devoted considerable attention in recent months to efforts by private equity and other firms to acquire banking organizations primarily for investment purposes, including deals such as MatlinPatterson's recently announced acquisition of a majority stake in Michigan-based Flagstar Bancorp and the reported sale by the FDIC of assets of IndyMac ...

Sizing Up Banking's New Giants
Didn't we learn our lesson about letting banks become "too big to fail"?

Previous bank crisis claimed four Richmond-based thrifts
After a year that saw the collapse of 25 banks and thrifts and the near-collapse of more than 100 others, the final tallies of bank causalities and taxpayer costs are looming uncertainties. The crisis is not without precedent, however.