| HBS Case Collection
(Revised from original 2009 version)
In late September 2008, amidst the spiraling financial crisis, many firms on Wall Street were in a precarious position. One such institution was Wachovia, which entered acquisition talks with Citigroup and Wells Fargo. This case describes the development of these negotiations throughout the week of September 26–October 3, 2008 and explores the role of a company's Board of Directors and the role of government regulators, particularly the FDIC, during times of crisis.
Keywords: Mergers and Acquisitions;
Insolvency and Bankruptcy;
Governing Rules, Regulations, and Reforms;
Governing and Advisory Boards;
Subramanian, Guhan, and Nithyasri Sharma. "Citigroup-Wachovia-Wells Fargo." Harvard Business School Case 910-006, November 2011. (Revised from original October 2009 version.)