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 …
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 …
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 …
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 …
bought $16 million of Wachovia stock with his own money, and then expressed confidence in Wachovia shortly before it collapsed. And now the SEC is investigating Bob's expressions of confidence. Because, of course, the confidence …
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 …
Wells Fargo said early Friday that it would merge with Wachovia — including the troubled Charlotte bank’s banking operations — in a $15.1 billion all-stock merger. The announcement comes only four days after Citigroup reached an …
NEW YORK, Feb 21 (Reuters) - Wachovia Corp WB.N on Thursday said Chief Executive Ken Thompson was awarded no restricted stock for his work in 2007 and acquired 1.49 million stock options, most of which will be worthless unless the …
Wachovia’s stock is down 45% for the week, and 27% today as bailout talks stalled in Washington and WaMu held a garage sale at the FDIC. Dow Jones reports that those of you waiting to hear more about those option-ARM, “pick-a …
Source: Despair.com Being regarded as the worst run bank in America is not an easy accomplishment ... and delusional decision making. Wachovia (NASDAQ:WB) wins on all counts. The stock chart below looks like a waterfall in progress. …