Wachovia Bank, a major institution, has seen its stock plummet and its continued viability called into question, as the nation's financial crisis muddles forward. [Update: shortly after publication of this article, Citigroup agreed to purchase …
Putting aside its proposed takeover by Citigroup with the Government's assistance, troubled banking major Wachovia announced a new deal entailing its merger with rival Wells Fargo in an all-stock transaction worth about USD 15.1 …
Other asset management firms also sold huge blocks of BP stock in the first quarter — but their sales were a fraction of Goldman’s. Wachovia, which is owned by Wells Fargo, sold 2,667,419 shares; UBS, the Swiss bank, sold 2,125,566 …
... all-stock purchase of Merrill Lynch & Co., while Wells Fargo & Co. said it has completed its $12.7 billion all-stock purchase of Wachovia Corp. Merrill Lynch's sale to Charlotte, N.C.-based Bank of America, announced Sept. 15, …
The San Francisco-based bank has 39 offices with $4.3 billion in deposits in Sarasota, Manatee and Charlotte counties ... date and Wednesday’s Bank of America closing stock price of $14.08. Wachovia shareholders received 0.1991 shares …
Separately, a real estate investment trust said it had halted a discount stock purchase plan after learning its shares had been used in the trading practice. The Times reported last week that Wachovia was investigating certain arbitrage …
As the financial crisis roiled markets, JPMorgan bought the giant thrift …
A complaint filed with brokerage regulators claims that William Sirls bilked millions of dollars from Wachovia Securities' clients in fraudulent stock and real estate transactions to feed a gambling addiction. Mr. Sirls, 42, who is facing …
CHARLOTTE — On his first day as the new chief executive officer of Wachovia Corp., Robert Steel saw the bank's stock tumble to a 17-year low and faced questions about his ability to rescue the nation's fourth-largest bank from its own …
Wells Fargo announced that Wachovia's board had agreed to an $11.7 billion all-stock offer. Originally, the deal was valued at $15.1 billion, or $7 a share, but Wells Fargo stock has declined since it was announced. While Citigroup …