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Wells Fargo Delivers A Wachovia Package.
- Source :
-
Wall Street Journal - Eastern Edition . 1/28/2009, Vol. 253 Issue 22, pC1-C1. 1/5p. 1 Chart. - Publication Year :
- 2009
-
Abstract
- The article discusses the impact on Wells Fargo's balance sheet of its acquisition of Wachovia. Prior to the deal Wells Fargo's ratio of tangible common equity to tangible assets hovered near minimal acceptable levels. In the aftermath of its Wachovia purchase, that ratio may have fallen sufficiently to compel the bank to eventually raise more capital.
- Subjects :
- *MERGERS & acquisitions
*BANK capital
*BANKING industry
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 253
- Issue :
- 22
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 36269446