A year after Wachovia's fall, optimism picks up

Published Sept. 28, 2009 at 10:39 a.m.
(By Rick Rothacker and Kirsten Valle, rrothacker@charlotteobserver.com and kvalle@charlotteobserver.com)...Looking back on last fall's financial crisis, former Wachovia general counsel Jane Sherburne said it's disappointing that executives scrambling to salvage the tottering Charlotte bank had to sell it to Wells Fargo to save it.

But, considering the fate of other failed firms, she's convinced the bank could have suffered worse: a government dismantling or a complex sale to Citigroup.

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