Wells Fargo Buys Wachovia Corp
The Federal Reserve on Sunday approved the Wells Fargo Wachovia acquisition. This acquisition took a while to complete due to Citibank’s fight to also buy Wachovia Corp, the holding company for Wachovia Bank. But on Sunday the Feds finally solidified the deal between Wachovia & Wells Fargo.
Online Banking 411 typically discusses Wachovia online banking but with the recent acquisition, we will be covering more news about Wells Fargo. Wells Fargo is a San Francisco based bank. And, It is one of the largest banks in the United States. We are hoping the Wells Fargo acquiring Wachovia will be good news for Wachovia account holders.