The Fed’s move comes after federal antitrust regulators backed the deal on Friday, allowing Wells Fargo, based in San Francisco, to buy Wachovia, based in Charlotte, N.C. Citigroup on Thursday walked away from its own efforts to buy the bank....

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Wells Fargo may close or sell Wachovia’s investment bank after the deal between the two big banks closes, Bloomberg News reported Monday, citing analysts. Bloomberg cited a Standard & Poor’s report, issued Oct. 10, that says Wachovia’s investment...
Standard & Poor's said in an Oct. 10 report that the unit is likely to be "significantly downsized after the acquisition.'' Charlotte, N.C.-based Wachovia's corporate and investment banking division employs more than 6,000 people and contributed about...
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The Federal Reserve on Sunday gave its stamp of approval to the takeover of Wachovia by Wells Fargo, which had battled Citigroup for ownership of the wounded bank. In an unusual Sunday afternoon announcement that appeared timed to precede the...