The surprise announcement early Friday by Wachovia Corp. that it had agreed to be acquired by San Francisco-based Wells Fargo & Co. in the all-stock deal — without government assistance — upended what had appeared to be a …
Unsolicited $14.7B offer could trump First Union's already accepted bid NEW YORK (CNNfn) - SunTrust Banks Inc. Monday launched an unsolicited $14.7 billion all-stock bid for rival southern bank Wachovia Corp., in a move that could …
He explains why the current stock and bond market bubbles are approaching a dramatic ... In 1992, Oliver was asked by the Financial VP and head of Wachovia Bank's Trust Department to provide soft dollar research to Wachovia. Within a …
NEW YORK (AP) -- In an abrupt change of course, Wachovia said Friday it agreed to be acquired by San Francisco-based Wells Fargo & Co. in a $15.1 billion all-stock deal, trumping rival suitor Citigroup's plan to acquire Wachovia's banking …
Say goodbye to Republic Security Bank. On Monday, the West Palm Beach institution said it would be sold to Wachovia Bank for $344 million in stock. Republic Security, with assets of $3.4 billion and 99 branches, was the largest …
Wachovia on Tuesday reported a $8.9 billion loss for the second quarter and slashed its stock dividend to 5 cents per share from 37.5 cents, as the giant lender continued to suffer from the crisis in the credit markets and the hangover …
Wachovia's stock fell to a 17-year low yesterday after an analyst warned that the commercial bank, which holds more deposits than any other in the Washington region, will face two years of losses arising from the credit crisis and a …
First Union acquired Wachovia, but the companies decided to use Wachovia as the name for the combined company. As a result, the stock that used to trade as First Union is now called Wachovia and is traded under Wachovia's ticker …
Democracy goes only so far in a proxy fight. The voter who matters most here is not the average shareholder who might hold a couple of hundred shares of Wachovia stock. Instead, when two of America's biggest banks finish their frenetic …
After a strong performance last week, Wachovia shares appeared to fall back to earth on Monday, having dropped as much as 10.3 percent. That’s a sobering change from last week, when Wachovia shares gained 31 percent. But according to …