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 …
Because SunTrust's offer, like First Union's, is being financed by stock, the value of its offer is dependent on its share price. One explanation for Wachovia's unusually strong stock price could be that the company has been buying back …
Prayers and Bible study were his favorite lifelong practices. He was a member of the Mid-West (Chicago) Stock Exchange for 17 years (1960-1977); the Greensboro Country Club and a member of the former Greensboro City Club, a member of …
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 …
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 …
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.” …
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 …
In 2008 Goldman declined to buy Wachovia, which had a portfolio of mortgages with flexible repayment terms. Yet over the past six months or so, the firm has been …
In what is being billed as a merger of equals, Charlotte, 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 will be the fourth-largest bank in the …
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 …