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 …
That week, Wachovia stock more than doubled from $9.12 to $18.75, based in some part on Steel’s boast. But Falcone didn’t panic. He stayed with his trade and actually told one investor that Wachovia was in worse shape than …
The amount of Wachovia stock held in the local community for decades was a testament to the trust that investors, both rich and middle-class, placed in Medlin's ability to steer clear of the risk of what's hot and trendy in banking circles. In a …
Citigroup also will grant the FDIC $12 billion in preferred stock and warrants. The FDIC asserted that Wachovia didn't fail, and that all depositors are protected and there will be no cost to the Deposit Insurance Fund. Federal Reserve …
The FDIC is quick to say that Wachovia didn’t fail, yet it is also going to share in the losses. The FDIC will absorb the losses beyond $42 billion, and Citigroupis going to issue preferred stock and warrants to theFDIC. Part of Wachovia
The stock market crashed, housing prices plummeted ... Tapang got an SBA-guaranteed loan with Wachovia to buy the convalescent hospital in 2000. …
Putting aside its proposed takeover by Citigroup with the government's assistance, troubled banking major Wachovia today announced a new deal entailing its merger with rival Wells Fargo in an all-stock transaction worth about $15.1 …
Wells Fargo acquired all outstanding shares of common stock of Wachovia. Shareholders received 0.1991 shares of Wells Fargo common stock in exchange for each share of Wachovia common stock they owned. Shares of each …