Citi (Might Be) Upping Bid

Posted by Bess Levin, Oct 06, 2008, 9:31am

CNBC is reporting that a senior official from Citi said the bank is considering bidding for all of Wachovia, as opposed to just the banking operations, which was the gist of the previous deal.

1Recommend this! 7Comments

Comments

1

Posted by guest, Oct 06, 2008 10:16AM

Hearing they are asking Wachovia for a loan or at least to spot them the money until payday.

2

Posted by guest, Oct 06, 2008 10:24AM

If Citi get this deal done they will be by far the best placed US bank moving forward. Their market share will be urivalled.

3

Posted by guest, Oct 06, 2008 10:27AM

#2 is Pandit

4

Posted by guest, Oct 06, 2008 10:32AM

@2

Citigroup might be well placed but JPM and BOA will be up there. If they don't get this deal, they're out of the race

5

Posted by guest, Oct 06, 2008 10:35AM

The Arabs will bail out Citi

6

Posted by guest, Oct 06, 2008 10:37AM

The Arabs will bail out Citi

7

Posted by guest, Oct 06, 2008 10:48AM

THE SKY IS FALLING!!

Must be high oil prices! Oh wait...
Must be the short sellers! Oh wait...
We need a bailout now! Oh wait...
We need more money! Oh wait...

Post Your Comment