Stories Tagged With Banking

and see if this thing just sort of works itself out? Or, is it working itself out because of the imminent bailout? This is the 3rd or 4th major bank since the bailout announcement that has moved on its own. "Wachovia, saddled by mortgage losses, is in talks about a possible sale to a healthier bank such as Citigroup and Wells Fargo, according to sources familiar with the discussions...Senior executives of the three companies held extensive discussions over the weekend in a process closely watched and encouraged by federal regulators. The Treasury Department, the Federal Deposit Insurance Corp. and several branches of the Federal Reserve were involved in the conversations. "