"Sources said speculation has mounted inside the unit since chief executive Bob Steel said last month that the Charlotte bank would consider selling unspecified assets. Weighed down by rising loan losses, Wachovia is looking to generate and preserve capital after reporting a $9.1 billion second-quarter loss."
And then, there was this from the Philadelphia Business Journal, "American Realty buys 39 Wachovia branches for $53M." It seems that American Realty Capital has completed its purchase of 39 of the roughly 100 Wachovia Corp. bank branches it plans to buy this year.
This is good news for Wachovia -- good because they need capital FAST! I suspect we'll be seeing more Wachovia "stuff" for sale.
Update: Just found this snarky Dealbreaker write-up: "Attention Swag Lovers: Put Some Money In Wachovia's Pocket" that Wachovia's selling discounted golf tourney stuff too!
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