Why do some posters still write things like, "I'm hearing rumors"?????? Look Citi has no cash to buy any decent size bank......the only way their deal with WB was going to work was Fed $$$ helping. Move on from the "rumor" posts and post something worth while to real RF investors.
let's be real.... WFC + WB was the most logical combo in terms of assets, deposits, and footprint. I agree that Citi may not be strong enuff $$$ wise to buy a bank like a WB without FED govt backing. C was was one of the first to start seeking additional cap last year.
Is it just me or did (does) it look like FED govt is approaching larger banks (based on total assets) first when dealing with large $$$ bank failures? ex: 1) JPM + Bear 2) BOA + ML 3) JPM + WM** NOTE: **exception JPM's Daimon was already interested in buying WM 4)***C + WB (WFC+WB) ***No need to explain unless you came from another planet recently
you wouldn't have a say! So ya'll really think RF is gonna buy Citi? Citi can't buy anybody, they have no money....they would need the Feds backing em to buy out the local dollar store, it's making money.......