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 …
Citigroup also will grant the FDIC $12 billion in preferred stock and warrants. Wachovia is a central part of Birmingham's business community, employing about 1,600 people. It bought Birmingham's SouthTrust, whose roots go back to 1887, …
SAN FRANCISCO — Wachovia Corp., the nation’s fourth largest bank, is muscling into the West with a $25.5 billion deal to buy Golden West Financial Corp., a mom-and-pop shop that blossomed into a prized savings and loan. The stock …
The Wells Fargo deal was greeted with joy by Wachovia shareholders, many of whom thought Citigroup had taken advantage of Wachovia's short-term financial problems to all but steal the company. Wachovia's stock rose 57 percent …
Wachovia stock is under extreme pressure at the moment due the bank’s recent missteps, the poorly thought out management change, and the lack of clarity concerning its portfolios, the analyst said. Wachovia has recently raised …
Charlotte Business Journal: Steele bought 1 million shares of Wachovia’s stock at prices ranging from $15.32 to $17.02. The bank’s stock, which has traded between $7.80 and $53.10 over the last year, was trading at $17.61 Thursday …
Wachovia Corp. (NYSE: WB) shares were halted for "NEWS PENDING" because of an announcement coming out of Citigroup (NYSE: C). The Citi and Wells Fargo (NYSE: WFC) war may be heating up above and beyond a normal fight. …
NEW YORK – First Union Corp. said on Monday it agreed to buy Wachovia Corp. for about $13.4 billion in stock to form the nation's No. 4 bank, as the two rival North Carolina-based banks combine to boost profits in a slowing U.S. …
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 billion. In …
... has led to selling in the Wachovia shares and the buying of Wachovia puts.” According to option analytics firm Trade Alert, roughly 481,000 puts, which give the right to sell the stock, compared to 62,000 calls, changed hands in …