We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Backatchya

5 November 2008 By Antony Currie

Chairman Dick Kovacevich boasted he didn t need government aid to trump Citigroup s FDICbacked offer for the ailing Charlottebased bank. But by halving the amount he s raising for the Wachovia deal from shareholders to $10bn, he is effectively going back on his word.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)