Search for: "WACHOVIA BANK/WELLS FARGO"
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3 Nov 2014, 8:25 am
Whistleblower Lawsuit Against Wachovia, Owned by Wells Fargo, Unsealed in Federal Court Wells Fargo, which purchased failing bank Wachovia, faces a newly-unsealed whistleblower lawsuit dating back to 2011, which alleges that Wachovia’s investment bank violated accounting rules and internal controls for short-term profit. [read post]
15 Aug 2011, 7:12 am
Wells Fargo is moving to bolster the investment banking practice it inherited in its acquisition of Wachovia. [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]
13 Oct 2008, 1:57 am
The Federal Reserve on Sunday gave its stamp of approval to the takeover of Wachovia by Wells Fargo, which had battled Citigroup for ownership of the wounded bank. [read post]
10 Oct 2008, 12:19 pm
Four days later, Wells Fargo jumped the deal, announcing a merger agreement signed by both boards for Wells Fargo to acquire all of Wachovia. [read post]
29 Jul 2010, 6:35 am
If you file bankruptcy with a checking account at Wells Fargo/Wachovia bank you have a problem. [read post]
3 Oct 2008, 3:15 pm
That was the message from Citigroup on Friday, as the financial giant saw its four-day-old agreement to buy Wachovia’s banking operations set aside in favor of a $15.1 billion merger between Wachovia and Wells Fargo. [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]
27 Sep 2008, 12:15 pm
The latest reports have Wachovia and Citi discussing a deal, but Wells Fargo is apparently still in the mix, as is Spain bank Banco Santander according to the NY Times post. [read post]
7 Oct 2008, 12:16 pm
Citigroup, Wells Fargo and Wachovia are extending their cease-fire until Friday morning, suspending the litigation battle for the second time this week over who gets to buy Wachovia, the banks announced Wednesday. [read post]
18 Dec 2008, 6:15 pm
Wachovia and Wells Fargo have probably reached a settlement with the Plaintiff in the class action lawsuit over the merger between the two banks. [read post]
5 Oct 2008, 3:55 pm
Do I think Citigroup will get a nice “go away, please” payment from Wachovia, with a kick-in from Wells Fargo? [read post]
15 Mar 2011, 6:34 pm
To our knowledge, Wells Fargo (and Wachovia which was merged into Wells Fargo) is the only bank that has taken this position. [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]
9 Oct 2008, 9:23 pm
Citigroup said late Thursday that it will not try to block a merger between Wachovia and Wells Fargo, but that it would continue to seek $60 billion in legal damages after the Charlotte-based bank spurned a $2.2 billion deal proffered by Citigroup at the government’s behest. [read post]
6 Oct 2008, 2:16 pm
Part of the reason why Wells Fargo is now willing to acquire Wachovia is because the IRS announced last week that it will allow Wells Fargo to offset its income by all of Wachovia's losses. [read post]
6 Oct 2008, 4:05 pm
The fight between Citigroup and Wells Fargo for the remains of Wachovia moved into North Carolina's courts this weekend. [read post]
17 Mar 2010, 2:15 pm
The Wachovia Bank, a unit of Wells Fargo, has agreed to pay $160 million to settle a federal criminal case accusing it of laundering Mexican drug money. [read post]
14 Dec 2011, 6:40 am
Wachovia Bank (now a part of Wells Fargo Bank) will pay $148 million to federal and state agencies and municipalities after admitting to anticompetitive activity in the municipal bonds market. [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]
