SAN FRANCISCO -- Wachovia Corp., the nation's fourth largest bank, is muscling into the West with a $24.2 billion deal to buy Golden West Financial Corp., a mom-and-pop shop that blossomed into a prized savings and loan. The stock
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 …
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 …
The surprise announcement that Wachovia Corp. 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 carefully examined arrangement …
Wachovia Bank officials say the group’s sale to New York-based Citigroup for $2.16 billion, announced Monday, should not disturb day-to-day operations. Dothan bank officials would not speak on the record, referring comments to the …
NEW YORK, Nov 19 (Reuters) - Wachovia Corp WB.N said on Monday that Chief Executive Ken Thompson had acquired an additional 100,000 shares of the fourth-largest U.S. bank, after investors worried about mortgage losses pushed the …
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 …
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 …
Wachovia’s demise in fall 2008 was a major blow to the Charlotte region, costing shareholders billions of dollars in lost stock value, spurring layoffs for hundreds of employees and battering the city’s reputation as a major financial hub. …