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 …
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 …
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 …
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 …
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 …
Nearly four months and $14.3 billion later, First Union Corp.'s purchase of Wachovia Corp. is finally a done deal. That means customers at the two banks can now use each other's ATMs, and shareholders must check stock prices using …
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 …
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.” …
UPDATE: Wachovia Corp. stock has been selling at around $24 a share, same as in the mid-1990s. It could be worth $40+, writes Deutche Bank analyst Michael Mayo, if CEO Kennedy Thompson's firing last weekend results in a big …
John Medlin Jr., one of Wachovia Corp.'s most ... a prominent law firm that helped handle the Wachovia-First Union and Wachovia-SouthTrust deals. The amount of Wachovia stock held in the local community for decades was a testament …