Monday, March 24, 2008

Wells Fargo CEO Open to Fed Assisted Acquisition

by Bill McBride on 3/24/2008 10:44:00 PM

From San Francisco Business Times: Wells Fargo CEO says he's open to conducting a Fed-assisted acquisition

Wells Fargo CEO John Stumpf said the financial crisis is presenting the bank with more acquisition opportunities.

"I would not be averse to a Fed-assisted transaction," Stumpf said in a recent interview with the San Francisco Business Times. "Fixer-uppers don't bother us."
The article mentions National City Bank as a possible acquisition.

Note: for some reason I picture Tanta's Mortgage Pig feeding at the public trough.