Wachovia Left Out In The Cold?
Liz Moyer writes for Forbes.com on today's annouced acquisition of MBNA by Bank of America.
It wouldn't be the first time Wachovia lost out to Bank of America. Last year, Bank of America acquired Boston-based FleetBoston Financial, once seen as a near-perfect fit for Wachovia.
Andrew Ross Sorkin writes for the New York Times filling in more details, namely that Wachovia's board had failed to approve the acquisition of MBNA after the deal had been negotiated between the two companies' management teams.
Stumble It!
Add your comment... (note that all comments are reviewed before they're published)