Search for: "WACHOVIA BANK "
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12 Jun 2008, 11:04 pm
According to the press release, the defendants allegedly violated their duties to participants in the Wachovia Savings Plan by “continuing to invest in and hold Wachovia stock despite the fact that they knew or should have known that Wachovia was not properly reporting its financial condition and was not disclosing significant problems which had the effect of inflating the value of Company stock. [read post]
11 Jun 2008, 9:50 am
When pushed to retail banking and got many comments from workers at retail branches. [read post]
10 Jun 2008, 3:25 am
In response to increased market concern with the mortgage lending industry, and Wachovia's option ARMs in particular, Wachovia falsely represented that its loan underwriting practices were much better than at other banks and that this would allow it to prosper while lenders with less exacting standards and procedures would fare much worse. [read post]
5 Jun 2008, 5:18 pm
At Wachovia, shares fell to their lowest level since July 1995 after the bank ousted its CEO Ken Thompson. [read post]
3 Jun 2008, 6:41 am
No working at a large bank for 5 years.... [read post]
3 Jun 2008, 4:47 am
-based bank confronting an uncertain future. [read post]
2 Jun 2008, 10:25 am
Another day, another banking defenestration. [read post]
2 Jun 2008, 8:54 am
Though he has spent 32 years at what would become Wachovia, Mr. [read post]
2 Jun 2008, 4:45 am
Kennedy Thompson, the head of Wachovia, on Monday became the latest banking executive to be shown the door during the credit squeeze, as Wachovia’s board requested that he step down amid a stock slide and a series of losses. [read post]
1 Jun 2008, 5:08 pm
In addition to the Motion on the principal claims, Bank of America and Wachovia are slugging it out here on who should end up holding the bag in the event of an adverse ruling on the agency question.Marotta v. [read post]
31 May 2008, 10:17 pm
(acquired by Manulife Financial Corporation), The Walt Disney Company, TD Bank Financial Group, The Bank of New York Mellon Corporation, Hudson United Bancorp (acquired by TD Bank Financial Group), United Parcel Service, Inc., Wachovia Corporation, MetLife, Hudson City Bancorp, Eastman Kodak Company, Burlington Resources (acquired by ConocoPhillips Inc.), Providian Financial (acquired by Washington Mutual, Inc.), Penn Fed Financial (acquired by New York Community… [read post]
28 May 2008, 2:23 pm
Other regional banks in the construction and home improvement loan market such as Wachovia, Fifth Third Bankcorp, and RegionsFinancial, could be similarly affected. [read post]
27 May 2008, 9:22 am
Analysts have since cut their 2008 earnings estimates for Bank of America Corp., Citigroup, JPMorgan Chase & Co., Wachovia Corp. and Wells Fargo & Co. by an average of 17 percent. [read post]
23 May 2008, 3:28 am
s fourth largest bank, with 13 million households and businesses, 13.4 million online product and service enrollments and 4.5 million active online banking customers. [read post]
20 May 2008, 8:56 am
SNSFE is investigating claims of financial specialists who Wachovia Bank fired recently. [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]
13 May 2008, 10:06 pm
The Clear Channel press release provides that: The banks, the private equity investors, Clear Channel, certain shareholders, and Bank of New York (serving as escrow agent) have entered into an Escrow Agreement pursuant to which the private equity investors and the banks [a bank syndicate consisting of Citigroup, Deutsche Bank, Morgan Stanley, Credit Suisse, Royal Bank of Scotland and Wachovia] have agreed to fund into… [read post]
13 May 2008, 9:37 am
Lee Partners) were to borrow about $22 billion to fund this deal, and their lenders included Wachovia, RBS, Citigroup, and Deutsche Bank. [read post]
2 May 2008, 2:45 pm
30 Apr 2008, 7:44 am
In addition to the parties, the CAFC has requested oral arguments from two amici: Regulatory Datacorp (RDC) and the “Financial Services Industry” group of seven that includes Bank of America, Morgan Stanley, and Wachovia. [read post]
