Citi says it had exclusivity agreement with Wachovia; it has also been providing liquidity to the bank since Monday
Deal requires no financial assistance from the FDIC or any other government agency
The financial services sector has gone from being the quietest sector in M&A to the busiest in a very short period of time
Smaller companies may not have the revenue to survive these times
Firm buys stake in Wellington West in midst of major internal realignment
NYSE Euronext will now operate a dual market structure offering
The US$9 billion investment will bolster Morgan Stanley’s capital and liquidity positions
JPM also announced that it intends to offer US$8 billion of its common stock to bolster its capital
The two banks have the most favourable internal rates of return in a “no premium deal and a capital outlay”
Transaction gives Unity Life control of administration of its business