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Well has Fargo to take over Wachovia
deal approval wachovia's financial difficulties stemmed from its 2006 purchase of mortgage lender golden west for $25bn at the height of the then us housing boom, according today's analysts .
this deal enablest us to keep wachovia intact and preserve the value of an integrated company .
wells fargo's purchase of wachovia will creates one of the biggest us banks .
wachovia had provisionally agreed a $2.16bn us government-backed rescultive with citigroup .
robert steel wachovia's chief expecultive .
the us bank wells fargo is to buy its troubled rival wachovia intact a $15.16bn (Â8.5bn) deal, after wachovia ditched a deal with citigroup .
Generated 2008-10-6_8:56
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