- Notes that a capital raise in additional to cost cutting and possible divestitures may be necessary if the market environment deteroriates. Considers its core operations to be retail and commerical banking, corporate and investment banking, and brokerage unit.
- Says sales of non core assests will probably reach the hundreds of millions but not billions

Other headlines for [WB]

• GGP 11/30/2008 07:39pm
  General Growth Properties WSJ reports that talks between company executives and its lenders are ongoing- Back on 11/29, GGP missed a $900M debt payment. - The company's lenders include Deutsche Bank, Citigroup, Bank of more...
  
• 11/25/2008 00:30am
  (US) Several members of Congress are working to overturn a measure that was aimed at encouraging bank mergers - NYT- If the lawmakers are successful some of the merger deals already reached could more...
  
• WB 11/20/2008 05:39pm
  Wachovia Corp Sandler O'Neill Raised WB to Hold from Sell
  
• WFC 11/5/2008 04:07pm
  Wells Fargo & Co Announces $10B stock offering (10% of market cap)- Follow up: in a slide presentation related to the Wachovia acquisition, WFC describes the offering size as $10B+. - Reminder: on 10/15, WFC said it more...
  
• WFC 11/4/2008 07:47pm
  Wells Fargo & Co Plans to lay off workers at the Wells mortgage center in Fort Mill, S.C. - San Francisco Business Times- A company spokesman declined to say how many employees will lose their jobs, but she described more...
  

Financials sector headlines

• Today 07:07am
  (GE) German Finance Ministry: Comments in Brussels that state aid for Commerzbank not yet concluded
  
• TRH Today 07:04am
  Transatlantic Holdings Inc Files mixed securities shelf - filing
  
• EIFF.FR Today 06:57am
  Societe de la Tour Eiffel Sells Parisian hotel for €15M
  
• CBK.GE Today 06:47am
  Commerzbank AG EU Commission approves German aide package- Notes that state aide respects EU guidlines - Note: To receive €8.2B from stabilization fund SOFFIN; Capital infusion to happen in two €4.1B tranches
  
• GLJ.GE Today 06:44am
  Grenkeleasing Sal Oppenheim Cuts GLJ.GE to neutral from buy