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 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 …
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 …
George Soros
Morgan Stanley - one of the two last large independent, U.S.-based investment banks - is in advanced merger talks with Wachovia Bank ... Mack to begin official merger discussions with Wachovia. Morgan's stock remained under …
Wachovia
and a tiny 6 percent premium over Wachovia's stock price at the time. He stretched a bit more last year when he paid three times book value, or a 20 percent premium over its stock price, for SouthTrust of Birmingham, Ala. ''You have to …
Wachovia
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 …
John Medlin
The failure of WaMu thus raised creditor concern about the health of Wachovia. Wachovia's stock price declined sharply and credit default swap spreads on its debt surged. The day after the failure of WaMu, Wachovia Bank depositors …
Wachovia
Wachovia, now with A.G. Edwards under its wing, unloaded a whopper of bad news yesterday, reporting a second quarter loss of $8.9 billion, or $4.20 per share; that’s nearly three times more than some analysts expected. While Wachovia
Already buckling under the weight of billions in bad mortgages and seeing its stock price crater, Wachovia faces another potential headache should Newark-based Pru sell back its stake as a part of a joint-venture deal struck in 2003. Under …
Wachovia
... 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, …
KeyBank