Before being forced to sell itself in late September, Wachovia proposed a plan to stay independent with assistance from the Federal Deposit Insurance Corp. but was rebuffed, according to a securities ...
The New York Times says Wachovia is in talks to merge with Citigroup after the value of the Charlotte bank, which is burdened by questionable mortgages, skids as the financial bailout package is ...
Wachovia Corp. on Sunday was hammering out the final terms of a deal that would provide a capital infusion of several billion dollars from outside investors, The Wall Street Journal reported. The deal ...
Wachovia Corp. may be split up between suitors Citigroup and Wells Fargo, The Wall Street Journal reported Monday morning. According to the report, the Federal reserve is “pushing” Citigroup and Wells ...
Wachovia Could Sell Retail Brokerage: Analysts After a posting record $8.9 billion quarterly loss in the second quarter, Wachovia could sell its mutual fund business, securities brokerage or its ...
After a weekend of legal wrangling, the battle for Wachovia headed behind closed doors Monday afternoon, with the Charlotte bank's future likely to be decided through private negotiations instead of ...
Investors Monday expressed disappointment with Wachovia Corp.’s $25.5 billion takeover of California thrift Golden West Financial Corp., calling it risky and too costly. The purchase gives Wachovia ...
He built a small Southern bank into a regional powerhouse, helping to turn Charlotte, N.C., into a national financial hub. By Stacy Cowley Ten years on, we remember the turmoil of the weekend that ...
Morgan Stanley, one of the last remaining stand-alone Wall Street titans, has held merger talks with Wachovia Securities, among other banks, and at least one other bank, according to the New York ...