The fight over Wachovia may be coming to an end. And, it may be ending in a very positive way. The fight over Wachovia’s assets show that there are some good value investments to be had in the financial sector, and that not all mortgages are bad. Plus, the banking industry may get a boost.
BusinessWeek reports on what a Wachovia split — between Citi and Well Fargo — could mean:
Technorati Tags: Citi, financial sector, investments, mortgage blog, Mortgages, Wachovia, Wells FargoIf there’s any silver lining in the battle between Citigroup and Wells
Fargo—and silver linings are hard to come by these days—it is this: The
skirmish could help convince the markets that the current panic
surrounding banks has gone too far and that even troubled banks like
Wachovia have a strong franchise that’s worth bidding for. Plus, if
Wachovia is split, taxpayers won’t have to foot the billions in federal
assistance that the original Citigroup deal included.



