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Wachovia Corp.'s battered shares fell further Friday amid speculation that record losses tied to bad home loans may force the bank into a merger. The stock of Charlotte-based Wachovia plunged $3.70, or 27 percent, to close at $10, after falling as low as $ ...
Chicago Tribune · 9/27/2008
NEW YORK (CNNfn) - First Union Corp. said Monday it has agreed to buy Wachovia Corp. for about $13 billion in stock, a move that would combine two North Carolina-based rivals and create the nation's fourth-largest bank. Wachovia holders will also …
CNN Money · 4/16/2001
mainly because of bad loans made by Golden West. Former Wachovia CEO G. Kennedy Thompson (left) lost his job last month in large part because of the fallout. And Wachovia’s stock price today–cover your eyes–was a piddling $12.24 at the open ...
The Wall Street Journal · 7/22/2008
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 homegrown bank in …
SunSentinel · 10/31/2000
Citigroup reiterated its commitment to buy most assets of the troubled Charlotte, N.C., bank despite the failure of the government's financial bailout plan. And Wachovia said it is financially healthy enough to provide support for the remaining parts of ...
Tampa Bay Times · 9/30/2008
Sullivan of the United States District Court for the Southern District of New York threw out numerous claims by stock and bond holders against Wachovia, in addition to several of its officers, directors, and auditors, which alleged that the defendants had ...
Lexology · 6/20/2011
The Wall Street Journal is reporting that that Wachovia (NYSE: WB) is in advanced talks to sell itself to Wells Fargo (NYSE: WFC). According to sources familiar with the situation, Citigroup (NYSE: C) was also involved in talks with Wachovia, but by late ...
StreetInsider · 9/29/2008
Meanwhile, Wells Fargo stock has proven steady (with a few dips here and there ... crisis to make one of the best bank acquisitions in history with their purchase of Wachovia at a bargain price." It hasn't been entirely rosy for Wells Fargo, at least ...
USNews · 7/24/2015
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 agreement in principl ...
Deal Book · 10/3/2008
Wachovia’s stock fell about 38 percent by Friday afternoon, as investors seemed especially worried about the value of those mortgages. JPMorgan on Friday said that it will significantly write down the value of similar mortgages held by Washington Mutual ...
CNBC · 9/26/2008