sábado, 11 de octubre de 2008

Banking basics pay off for Wells Fargo amid chaos (AP)

With its iconic stagecoach, Wells Fargo & Co. has evoked images of the wild West throughout its 156-year history.

Now its finally expanding east of the Mississippi with a $12.2 billion acquisition of Wachovia Corp., a golden opportunity that the San Francisco-based bank was able to seize largely because it never got too wild while many of its rivals gambled on exotic lending products that led to the current financial chaos.

Read the full story here:
http://biz.yahoo.com/ap/081010/wells_fargo_golden_opportunity.html?.v=4

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