So far, though, SunTrust has been mum about the deal. Despite an initial bump up in Wachovia's stock price after the announcement, its shares remained stable last week. In other words, there's been no sign in the stock price of a …
Before the merger becomes final, regulatory agencies and company shareholders must approve the agreement to create First Wachovia Corp., which will own 100 percent of the common stock of Wachovia and First Atlanta. ``The merger …
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 …
Yes, Herb and Marion made a pot of money, and stand to make more thanks to their Wachovia stock holdings. But they’ll be damned if they’ll be made the fall guys for the collapse of Wachovia, and, by extension, the nation’s financial system.
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 …
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 …
Wachovia shareholders will receive 0.1991 shares of Wells Fargo for every share they had of Wachovia stock. For shareholders this is good news. The plan will bring them about $7 a share. On Thursday the Wachovia shares closed …
The stock market: The Wachovia-Wells Fargo deal announcement buoyed the Dow Jones Industrial Average by over 200 points despite news about the highest report of job losses in the U.S. since 2003. The fact that Wells Fargo isn’t …
In the latest legal fallout from the mortgage implosion, Wells Fargo & Co. has agreed to pay $590 million and accounting firm KPMG has agreed to pay $37 million to settle class ... that bought Wachovia's bonds and preferred stock. …
But what will it do for Wachovia customers and shareholders? Wachovia shareholders aren't in a good spot, however. The company's stock (symbol WB), which closed at $10 on Friday, was halted on the New York Stock Exchange this …