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Wachovia May Be The Next Bank To Disapear

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Wachovia May Be The Next Bank To Disapear

Business

Wachovia May Be The Next Bank To Disapear

Wachovia May Be The Next Bank To Disapear

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  • <iframe src="https://www.npr.org/player/embed/95157342/95157313" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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The next bank the government is focused on is Wachovia. A rescue would come on the heels of last week's government takeover of Washington Mutual. The country's biggest saving and loans was sold to JPMorgan Chase.

STEVE INSKEEP, host:

NPR's business news starts with the next big bank on the block. This time it's Wachovia up for sale, just in case you're interested in buying. It's one of the biggest banks in the country and it's reportedly in quote, "advanced talks" to sell itself possibly, to Citigroup and Wells Fargo. We have those reports from our friends in The New York Times, The Wall Street Journal and he Reuters news service. A sale would come on the heels of last week's government takeover of Washington Mutual, which is the country's biggest savings and loan, which was sold to JPMorgan.

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