Garcia’s green jacket tour took him across the globe, from the floors of the New …
... Federal District Court in Virginia grants summary judgment in favor of Wachovia Bank as co-trustee on claims of breach of fiduciary duty arising out of loss in value of bank stock comprising 65 percent of the trust portfolio. Bank of …
The US woke up to the demise of yet another high-street banking name today as the troubled finance group Wachovia agreed to a rescue takeover by the world's biggest ... in return for $12bn of preferred stock for bearing the risk. The …
Wachovia (NYSE: WB) stock has dropped yet again, hitting its 52-week low of $8.55 on Tuesday. Wachovia's stock opened at $8.66 per share Tuesday and dropped to $7.81 per share, down more than 20 percent from Monday's close. …
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, 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
District Court for the Western District of North Carolina has approved a $12.35 million settlement in an Employee Retirement Income Security Act (ERISA) fiduciary breach case against Wachovia ... to offer company stock as an …
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 …
Some of the information related to how the bank acquired Wachovia Corp. in fall 2008 ... Wednesday a quarterly cash dividend of 12 cents per share on the bank’s common stock. The dividend is payable Sept. 15 to shareholders …
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." …