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 …
It will also keep some of its wealth management businesses like Evergreen and Wachovia Securities. Under the terms of the agreement-in-principle, Citigroup will pay about $2.16 billion in stock for Wachovia’s banking assets, and will …
Advisers are leaving wirehouses to start their own investment advisory firms or join roll-ups, he said, referring to networks of RIAs that often pay cash or stock 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 …
Wachovia Corp., employer of 1,600 people in the Birmingham metro area, agreed today to sell its banking operations to Citigroup Inc. in a deal arranged by federal bank regulators who are advising troubled institutions facing billions in …
NEW YORK, Sept 9 (Reuters) - Wachovia Corp WB.N on Tuesday maintained its forecast for losses on a troubled $122 billion mortgage portfolio, but its shares fell after an analyst downgraded the fourth-largest U.S. bank to “underperform.” …
CHARLOTTE, N.C. — Wachovia Corp. is buying competitor SouthTrust Corp. in a stock deal valued at $14.3 billion, the companies said Monday. The combination will create the largest bank in the Southeast and give Wachovia new …
On Friday, with its stock plunging 27 percent, Wachovia experienced a “silent run” on deposits, but the bigger worry for regulators was that other banks wouldn't provide the Charlotte bank with necessary short-term funding when it opened …
Struggling First Union Corp. will buy out Wachovia Corp. in a $13 billion deal that is not ... N.C.-based First Union is exchanging two of its shares for each share of Wachovia stock. The new company will take the Wachovia name, and …