Results tagged “Wachovia” from Dealbreaker
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High School Math
Oct 22, 2008, 8:57am
Posted by Equity Private
I'm still trying to get my head around this: What does it mean when the stock you hold that is sitting at $6.00 per share posts a $11.00 per share loss? That's is the Wachovia shareholder experience. Punt. Chief Executive...
I'll See Your New York Supreme Court Judge, And Raise You A Federal District Court Judge
Oct 05, 2008, 9:17pm
Posted by Equity Private
No, we're not kidding. Wells Fargo apparently found a sympathetic ear in U.S. District Judge John Koeltl, a former Watergate prosecutor and Clinton appointee. Backatcha, Citi! U.S. District Judge John Koeltl late Sunday blocked an order by New York State...
Citi Buring Both Ends Of The Candle?
Oct 05, 2008, 5:59pm
Posted by Equity Private
A dedicated reader forwards us the hint, buried down in the middle of a Reuter's article, citing a Wall Street Journal Article to the effect that Citi has already offered to beat the Wells Fargo offer for Wachovia. To wit:...
Quiet, Wells Fargo Has The Conch Shell Now!
Oct 05, 2008, 3:18pm
Posted by Equity Private
Wells Fargo & Co. said nothing in a court order obtained by New York-based Citigroup Inc. derails the California bank's plans to acquire Wachovia Corp. Well, except that whole restraining order thing. Wells Fargo Says Takeover Agreement With Wachovia Still...
You Are Not The Boss Of Me, Judge Ramos!
Oct 05, 2008, 1:57pm
Posted by Equity Private
In a press release written so quickly it is missing several spaces, Wachovia sets the record straight and plays the "taxpayer" trump card: CHARLOTTE, N.C., Oct. 5 /PRNewswire-FirstCall/ -- Wachovia does notbelieve Justice Ramos' order has any effect on the...
Citi Is Mad As Hell And They Are Not Going To Take It Anymore
Oct 03, 2008, 4:22pm
Posted by Equity Private
Sure, there is that whole exclusivity thing, and Wells Fargo's lawyers are "looking over the various papers," but, damnit, Citi, why not just outbid them too? Call it, a hedge. Call it, a two pronged attack. Call it, the second...
Checking It Twice
Sep 29, 2008, 11:45am
Posted by Equity Private
Bear Stearns IndyMac Lehman Brothers Washington Mutual Wachovia National City National City Drops 52% as Market Wonders Who's Next [CNBC]...
Washitty?
Sep 26, 2008, 4:19pm
Posted by Equity Private
Wachovia Begins Early Deal Talks With Citi [Dealbook]...
The Steve Jobs Of Finance?
Sep 26, 2008, 1:11pm
Posted by Equity Private
You sort of knew that the Bangkok Bank Flu was going to hit the regionals and super regionals once they saw the haughty WaMu brought low. I suppose it means something that Dimon et. al. have made provisions for expensive...
Attention Swag Lovers: Put Some Money In Wachovia's Pocket
Aug 27, 2008, 3:22pm
Posted by Bess Levin
New Wachovia CEO Robert Steel vowed to turn things around at the bank and he was not kidding. He started with morale boosting pep rallies and marshmallow tower building competitions, and now he's moved on to a not even necessary...
Congratulations, Everyone!
Jul 22, 2008, 3:27pm
Posted by Bess Levin
We did it! Bleeding out the ass Wachovia is now up nearly twenty five percent clearly due in large part to our pep-rally this morning. Fantastic jobs all around....
And Marshmallows For Everyone!
Jul 22, 2008, 11:18am
Posted by Bess Levin
At this time, in light of Wachovia's not so good second quarter, I want everyone to get up on his/her chair and shout "I love Wachovia," while dancing, which is not only a team building exercise for WB first years...
Raid On Wachovia!
Jul 17, 2008, 11:20am
Posted by Bess Levin
Ten state securities regulators just showed up at Wachovia's St. Louis headquarters, reportedly seeking documents on auction rate securities sales and marketing practices. Today's "on-site investigation" follows over seventy formal complaints and Wachovia's failure to comply with requests for information....
Meredith Whitney Ingratiates Herself To Wachovia Chief
Jul 16, 2008, 4:58pm
Posted by Bess Levin
Dollar Dominatrix Meredith Whitney has probably not made a lot of friends with her sack-rippingly bad reports. Merrill Lynch CEO John Thain, always up for a heel in his ass, is not much of a fan of the Oppenheimer analyst,...
New Wachovia CEO Steel Turning Things Around, Starting With Company Morale
Jul 16, 2008, 9:49am
Posted by Bess Levin
Finally, someone has started to think outside the box re: team building exercises. Didn't think it'd come from Wachovia but so be it; the rest of you, take notes! As part of a WB "pep rally," new-hire analysts were forced...
Wachovia Demands Retraction From Dollar Dominatrix
Jul 15, 2008, 11:07am
Posted by Bess Levin
We're listening to the Meredith Whitney conference call right now, but while we patiently wait for the Q&A during which we'll ask what everyone else is thinking-- have you ever killed person?-- here's something interesting, considering that while DD's victims...
Bove Reacts To Wachovia Snub
Jul 10, 2008, 10:29am
Posted by Bess Levin
Ladenburg Thalmann analyst Dick Bove cut his price target on Wachovia Corp today by $2 to $17, and reversed his 2008 estimate for WB to a loss of 23 cents per share from a prior prediction of a 69 cents...
Layoffs Watch '08: Wachovia
Jul 02, 2008, 1:38pm
Posted by Bess Levin
Wachovia Capital Markets is said to have laid off approximately ten percent of its equity research staff yesterday. I think we all know what that place needs....
Purcell/Bove '08
Jul 02, 2008, 9:25am
Posted by Bess Levin
Ladenburg analyst Richard Bove has endorsed Phil Purcell for CEO of Wachovia. Bear with me while I gather my thoughts on the matter, and the fact that Bove instructed WB to "make him an offer he cannot refuse." Stand by....
