Wachovia, based in Charlotte, North Carolina, is a diversified, wholly owned financial services subsidiary of Wells Fargo. As an independent company, it was the fourth-largest bank holding company in the United States based on total assets.
The purchase of Wachovia Corporation by Wells Fargo was completed on December 31, 2008. Wells Fargo purchased Wachovia after a government-forced sale to avoid a failure of Wachovia. Read More
Wells Fargo plans global expansion drive
Mar 04 - Financial Times
Wells Fargo to pay $148M fine for Wachovia misdeeds
Dec 08 - CNN Money
Warburg’s Cortview Cuts Commercial Mortgage Team Led by Green
Sep 29 - Business Week
Wells Fargo Agrees to Settle Wachovia Case for $590 Million
Aug 05 - Business Week
Wells Fargo Agrees to $590 Million Settlement of Wachovia Claims
Aug 05 - Business Week
Wells Fargo Adds Program Trading as Securities Unit Expands
Aug 02 - Business Week
Wells Fargo to Pay $11 Million to Settle SEC CDO Sale Claims
Apr 05, 2011 - Business Week
SEC brings charges vs. Wachovia over CDOs
Apr 05, 2011 - MarketWatch
MarketWatch First Take: Wachovia’s legacy leaves a mark for Wells Fargo
Apr 04, 2011 - MarketWatch
Wachovia Held $29 Billion in Fed’s Discount-Window Borrowing
Mar 31, 2011 - Business Week
Gupta Told Rajaratnam of Goldman Talks on Wachovia, AIG
Mar 15, 2011 - Business Week
Wachovia Manager in Virginia Admits to $14.1 Million Fraud
Mar 04, 2011 - Business Week
Wells Fargo Surpasses JPMorgan as Top U.S. Bank by Market Value
Dec 16, 2010 - Business Week
Wells Fargo to pay Citi US$100 million over Wachovia
Nov 19, 2010 - Financial Post
Wells Fargo Pays Citigroup $100 Million Over Wachovia
Nov 19, 2010 - Business Week
Citigroup gets $100 million in Wachovia settlement
Nov 19, 2010 - MarketWatch
Wells Fargo reports record quarterly profits
Oct 20, 2010 - Financial Times
Jury is still out over rescue of Wachovia
Sep 28, 2010 - Financial Times
By Reuters
Wells Fargo & Co <WFC.N> doesn't employ the same kind of hedging strategy that has triggered a trading loss of at least $2 billion at rival JPMorgan Chase & Co <JPM.N>, the bank's chief risk officer said on Tuesday. (May 22)
MORE TOPICS: BANK OF AMERICA, JPMORGAN CHASE, WELLS FARGO, NEW YORK, MANAGEMENT, MORTGAGE
By Reuters
Wells Fargo & Co <WFC.N> on Tuesday increased its goals for returns on assets and shareholder payouts while executives pledged to carefully manage risk throughout the company's sweeping operations. (May 22)
MORE TOPICS: FEDERAL RESERVE, BANK OF AMERICA, JPMORGAN CHASE, WELLS FARGO, NEW YORK, INVESTMENT
By Reuters
Citigroup Inc <C.N> and its Chief Executive Vikram Pandit on Friday won a dismissal of New York real estate developer Sheldon Solow's lawsuit accusing them of securities fraud for hiding the bank's risks during the 2008 financial crisis. (May 18)
MORE TOPICS: VIKRAM PANDIT, CITIGROUP, WELLS FARGO, COURT, NEW YORK, LAWSUIT
By Reuters
In April 2003, the Federal Reserve Bank of New York and New York state bank regulators cracked the whip on HSBC Bank USA, ordering it to do a better job of policing itself for suspicious money flows. Staff in the bank's anti-money laundering div... (May 03)
MORE TOPICS: FEDERAL RESERVE, HSBC, COURT, ARGENTINA, RETAIL, MEXICO
By IBTimes
Wells Fargo & Co. (NYSE: WFC) annouced Friday the acquisition of prime broker Merlin Securities LLC for an undisclosed amount. The move is the bank's first move into prime brokerage services, which provides clients such as hedge fund managers to records-handling and trade-clearing services. (Apr 27)
MORE TOPICS: GOLDMAN SACHS, JPMORGAN CHASE, WELLS FARGO, NYSE, NEW YORK
By Reuters
Police in riot gear arrested six people on Tuesday as protesters with a huge inflated rat sought to disrupt a Wells Fargo & Co annual shareholder meeting to express anger over foreclosures, executive compensation and corporate taxes. (Apr 24)
MORE TOPICS: CITIGROUP, WELLS FARGO, MANAGEMENT, FORECLOSURES, MORTGAGE, SETTLEMENT
By IBTimes
JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC) beat first quarter earnings expectations Friday with the help of rising mortgage revenue, but the weak housing market could drag down future gains for the two big banks. (Apr 13)
MORE TOPICS: CHINA, FREDDIE MAC, FANNIE MAE, BANK OF AMERICA, JPMORGAN CHASE, WELLS FARGO
By Reuters
A surge in mortgage banking income helped lift Wells Fargo & Co's <WFC.N> first-quarter profit by 13 percent, but its shares fell on concerns that the bank is falling behind on its drive to cut expenses. (Apr 13)
MORE TOPICS: FEDERAL RESERVE, BARCLAYS, BNP PARIBAS, JPMORGAN CHASE, WELLS FARGO, NEW YORK
By IBTimes
Michael Anthony Prozer III turned out to be a millionaire scam artist after federal prosecutors charged with mail, wire, and bank fraud. He pleaded guilty to the charges. (Apr 12)
By IBTimes
Wells Fargo & Co. (NYSE: WFC) is expected to report a big jump in quarterly earnings and a small rise in revenue on increasing mortgage refinancing during the first three months of the year. (Apr 12)
MORE TOPICS: BANK OF AMERICA, BARCLAYS, WELLS FARGO, NYSE, FIXED-INCOME, RETAIL
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