1.12.2008

Will Wells Fargo acquire WaMu?

Similar deals expected after Countrywide sale: Merger speculation is now centered on lenders like Washington Mutual

Excerpt:

“Washington Mutual probably heads up the list (of targets) because they have similar problems to Countrywide,” said Egan, adding: “Bear Stearns is an obvious candidate for some sort of transaction.”

Bank analyst Richard Bove of Punk Ziegel & Co said possible buyers for Washington Mutual could be Wells Fargo and Co and JPMorgan Chase & Co Inc.

Comment: Interesting.

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