As featured in The Wall Street Journal, Money Magazine, and more!

Search: acquisition

Wells Fargo Steps in With a Better Offer for Wachovia

by Flexo

Although Wachovia was recently saved by Citi and the FDIC, Wells Fargo stepped into the picture with a better offer. In this deal, Wells Fargo would take on all of Wachovia, including deposits, brokerage, and investment management, for $15 billion. Earlier this week, Citi offered $2.2 for Wachovia’s banking operations only. If the Wells Fargo ... Continue reading this article…

10 comments Read the full article →

Acquisitions Continue: Citi Buys Wachovia

by Flexo

October 3 update: Wells Fargo has stepped in and placed a better offer for Wachovia. Wachovia is my main brick-and-mortar bank. The bank has held my primary, though small, savings and checking accounts for about fifteen years. During this time, it hasn’t always been known as Wachovia to me due to a series of mergers ... Continue reading this article…

3 comments Read the full article →

Washington Mutual Acquisition: What Happens to Savings Accounts?

by Flexo

Late Thursday night, JPMorgan Chase confirmed that it has acquired the deposits (bank accounts), assets, and “certain liabilities” of Washington Mutual. The acquisition has created the largest depository institution in the United States, with over $900 billion in bank accounts alone. WaMu branches will become Chase branches as the acquisition progresses over the next two ... Continue reading this article…

15 comments Read the full article →

Whoo Hoo: Washington Mutual Next to Fail?

by Flexo

Shares in Washington Mutual, the country’s largest savings and loan bank, dropped over 30 percent in one day due to fears that this institution will be the next in a series of failures of financial companies. WaMu holds $310 billion in assets, a huge amount of deposits. The FDIC, which might step in to take over ... Continue reading this article…

10 comments Read the full article →

My Newest Bank is Changing Names: TD Commerce Bank to Update Branding Later This Year

by Flexo

A few months ago, my girlfriend moved her checking and savings accounts, which where previously in separate, small, community-based banks, to Commerce Bank, a larger bank based mostly in New Jersey and New York City. I particularly like their long hours and the fact that they’re open on Sunday, and signed up for an account ... Continue reading this article…

25 comments Read the full article →

It’s Official: New Job With a Raise and Promotion

by Flexo

Earlier this year, a new position opened up in my department when a co-worker left for a better job within the company. The open position is similar to my current one, with some added responsibilities, a higher “salary grade,” and the same reporting lines. I decided to put my hat in the ring for the ... Continue reading this article…

32 comments Read the full article →

Opening a Business Checking Account

by Flexo

A few weeks ago, I had some free time on a Saturday and decided to take care of a chore I’ve been procrastinating for several months. I’m slowly in the process of formalizing the blogging that I do as an official business. Every few months or so, I take another step that brings me closer ... Continue reading this article…

10 comments Read the full article →

Fidelity Investments to Offer High-Yield Checking

by Flexo

I am currently on vacation and may not offer posts as frequently as usual. More brokers are offering high-yield checking accounts to compete with ING Direct’s Orange Checking. Offering competitive checking accounts helps the brokerages increase their assets without having to pay a significant portion of its earnings out as interest. Right now, E*Trade is ... Continue reading this article…

12 comments Read the full article →
Page 6 of 7« First···34567