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Defending a maligned bank deal

Wachovia's decision to buy Golden West Financial for $24.5 billion back in May 2006 was controversial from the start. Even then, shareholders were convinced that Wachovia was hideously overpaying.... Read more...

Bailout rejection a wrench for Buffett and Pandit

Warren Buffett made it known that his $5 billion wager on Goldman Sachs assumed that the government would take some sort of bailout action. Likewise, Citigroup's deal for Wachovia would have looked a... Read more...

Navigating the Hedge Fund Maze

Beginning this month, FierceFinance will offer a retrospective of hedge fund news from the previous month. In our first look back, we review August, which wasn't exactly a banner month for hedge... Read more...