“Federal regulators had told Wachovia Corp. the bank would be seized unless it reached a merger agreement with Citigroup Inc. or Wells Fargo & Co. by end of day Friday, Oct. 3, according to a suit filed by Wachovia this weekend in federal court.
The suit seeks to stop Citi from interfering with or slowing the [...]
What’s ↑? NMH. Wachovia totally broke up with Citi through a note this morning, and now her and Wells Fargo are hanging out. Wells Fargo is totally hott. He’s gonna treat her so much better. All her friends like him, and he’s like totally a cowboy, OMG!
Anywayz here are the deets:
Wells Fargo signed a definitive [...]
I give you CLT Blog’s first poll! In light of recent events, I’m curious what readers’ opinions are about Charlotte’s future.
If your opinion can’t be confined to our multiplicity of choices, feel free to leave your thoughts in the comments.
“Charlotte, once billed as the New New South, rode a wave of banking mergers for the better part of two decades, reaping financial muscle, a steady flow of new jobs and trinkets such as NBA and NFL franchises. Now the party’s not only over, the hangover is roaring.
Or, as state Sen. Malcolm Graham puts it, [...]
A question we’ve all asked from time to time and a perception that we have nationwide.
Is Charlotte just banking?
That concept is made even more important today as Citibank bought out Wachovia, betting on a federal bailout of US banks which may never come.
Let’s take a quick look at the local economy to see if it [...]
“Republican candidate for governor Pat McCrory cut short a western campaign swing to focus on his mayoral duties in Charlotte.
McCrory’s campaign said he canceled a lunch in Waynesville and rally in Brevard on Monday afternoon to return home after news of Wachovia selling its banking operations to Citigroup.
Campaign spokesman Amy Auth said he also returned [...]
This morning, Citigroup Inc. announced their agreement to purchase all of Wachovia’s banking operations.
Some key facts:
Wachovia, in its now dramatically slimmed-down state, will retain its headquarters in Charlotte, holding on to its retail brokerage and Evergreen asset management units
“new” Citigroup retail banking headquarters will be in Charlotte
Citigroup is paying $1 per share
after merger, resulting company [...]
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Follow Norman around the Queen City on his hunt for gas. You can also find him on Twitter, YouTube, his website and blog.
In 1791, George Washington called Charlotte, N.C., a “trifling place.” In 1941 an author scoffed that the city had as much use for high-rises “as a hog has for a morning coat.” By 1991, Charlotte was still a minor-league city without major-league sports, a cultural wasteland with a central business district that died every weekday [...]
This is a map that anyone (if you have a Google account) can go add and edit gas stations that have a supply of gas and what the prices they are listing. This is an impromptu feature that hopefully can help save people time and money with this “gas crisis” we are having. Remember though, [...]
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