Search for: "Wachovia Bank"
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14 Apr 2008, 4:00 am
The Wachovia Corporation, the country's fourth largest bank, will raise $7 billion by selling stock and will cut its dividend by 41 percent as it announced a surprise $350 million loss for its first quarter. [read post]
8 Oct 2008, 12:35 pm
Citigroup was trying on Tuesday to line up other companies, including non-banks, to join its bid but it was not clear [...] [read post]
9 Nov 2007, 5:27 am
Wachovia, the fourth-largest U.S. bank, set aside as much as $600 million for loan losses in the fourth quarter and said the value of some debt securities fell by about $1.1 billion before tax in October. [read post]
13 Oct 2008, 12:15 pm
The Bank filed a current report on Form 8-K on Friday announcing that it would invoke the exception. [read post]
3 Oct 2008, 5:28 pm
Is Wells Fargo banking on North Carolina corporate law giving it a way out of the contract? [read post]
12 Dec 2011, 6:00 am
The SEC charged Wachovia Bank N.A. with fraudulently engaging in secret arrangements with bidding agents to improperly win business from municipalities and guarantee itself profits in the reinvestment of municipal bond proceeds. [read post]
18 Mar 2010, 11:26 am
Fervent followers of the Business Court may remember the case of Wachovia Bank, N.A. v. [read post]
12 Aug 2008, 4:57 pm
Price's MFP Investors is shorting Citigroup and Wachovia, as the value investment firm feels that neither bank is done suffering pain. [read post]
14 Dec 2011, 2:45 pm
Wells Fargo Bank, N.A., successor by merger to Wachovia Bank N.A., has agreed to pay $46 million to settle charges brought by the Securities and Exchange Commission that Wachovia fraudulently rigged bids in municipal bond reinvestment transactions in 25 states and Puerto Rico. [read post]
10 Oct 2008, 5:57 pm
" Citigroup states that it "remains willing" to complete its previously announced FDIC-assisted acquisition of Wachovia's banking operations, but has "decided not to ask that the Wells Fargo-Wachovia merger be enjoined. [read post]
22 Jul 2008, 5:17 pm
-based bank. [read post]
9 Oct 2008, 11:16 am
Citigroup and Wells Fargo, the two banks vying for control of the Wachovia Corporation, are negotiating a compromise that would hand the bulk of the troubled bank to Wells Fargo, according to The New York Times’s Eric Dash. [read post]
19 Oct 2007, 7:34 am
The latest ten-digit chop came from Wachovia Bank, which said it wrote down loans and other securities by a total of $1.3 billion in the third quarter, contributing to an overall profit decline [...] [read post]
5 Oct 2008, 2:19 pm
A New York state court judge temporarily halted Wachovia's efforts to abandon deal talks with Citigroup in favor of a merger with Wells Fargo, escalating the battle over the Charlotte-based banking giant. [read post]
13 Oct 2008, 5:00 pm
Wachovia agreed to lock the transaction on behalf of Wells Fargo by turning over 40% of the Bank's voting power to the purchaser (by issuing ten shares of supervoting stock, perhaps a new record for the number of votes per share). [read post]
2 Apr 2011, 8:07 pm
The Guardian has a new investigative report on Wachovia Bank's laundering of billions of dollars for Mexican drug cartels. [read post]
20 May 2008, 8:56 am
SNSFE is investigating claims of financial specialists who Wachovia Bank fired recently. [read post]
5 Oct 2008, 3:55 pm
Do I think Citigroup will ultimately acquire Wachovia’s banking assets? [read post]
6 Oct 2008, 11:23 pm
It describes the chronology of the negotiations between Wachovia and the two banks which so badly want to acquire it. [read post]
20 May 2008, 4:40 am
Wachovia said on Monday it has had significant losses from a Citigroup hedge fund, Reuters reported. [read post]
