Last Updated: October 3, 2008 08:26am ET
UPDATE

Wachovia, Wells Fargo Agree to Merge

By Carl Cronan

CHARLOTTE, NC-The $15.1-billion deal negates the need for the FDIC-arranged Citigroup takeover, as the CA-based bank merges with faltering Wachovia.

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Distressed CRE Continues to Ebb

WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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