Wachovia Corporation News Archives

Commerce Bancshares Inc. and Wachovia Corp. were among the highest-rated U.S. lenders as customers' impression of the banking experience worsened because of extended wait times and more fees, according to a ...

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When a business borrows money so it can reinvest it in hopes of getting a higher return, it's called leverage.

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Posted May 21st, 2008 at 9:02 PM by Jeff Taylor Countrywide Financial Chairman Angelo Mozilo does not know the difference between "reply" and "reply all" - winds up telling a guy trying to rework his ...

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A California law firm has filed a class-action lawsuit on behalf of investors who bought auction-rate securities from Bank of America Corp.

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Connecticut Gov. M. Jodi Rell on Friday ordered state consumer protection officials to issue two more subpoenas in connection with the loss of bank tapes that contained data from millions of customers that was ...

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Capital One Financial hired Richard Lyon as SVP of commercial real estate banking.

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Benjamin 'Tad' Edwards IV, whose father was chief executive officer of the A.G. Edwards until his retirement in 2001, resigned from the firm this week.

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Wachovia Corp said on Monday it has had significant losses from a Citigroup hedge fund, joining Fifth Third Bancorp , which disclosed its loss in an April lawsuit. via WNED.org

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“Five, 10, or 20 years down the road, Wachovia wants to be seen as that comprehensive financial services institution, and not have a lot of little things they have to explain off to the side”

Wachovia Corp. plans to phase out the 121-year-old A.G. Edwards name, sacrificing a strong brand for a stronger one, as a Wachovia executive put it. via On Wall Street

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Wachovia Corp. promoted John Papadopulos to president of its retirement and investment product group. via On Wall Street

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Charlotte Business Journal - by Will Boye Staff writer Two proposed community banks received conditional approval for banking charters from the N.C. Banking Commission on Wednesday and expect to open before the ... via Charlotte Business Journal

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“Things have changed. The numbers we've seen recently haven't been as bad as we were led to believe just a few months ago.”

A funny thing happened to the economy on its way to recession: It has taken a detour. via STLtoday

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“We have no definite commitments, and no planned work for the building. Any redecorations will be dictated by tenants. We hope to start moving soon on something. It's a good property.”

Businessman George Ladd has bought the 86-year-old Birmingham Trust building downtown from Wachovia Bank for $3.6 million. via The Birmingham News

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“Further review and inquiry is anticipated by the regulatory authorities, and Wachovia will cooperate fully”

Wachovia Corp. has confirmed that its Wachovia Securities LLC business and other affiliates have received inquiries from the SEC and state regulators regarding auction rate securities, according to a filing ... via InvestmentNews

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Durable goods are just that: hard goods; they don't wear out quickly and can be used over and over again for at least several years. via Fox News

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Baltimore Business Journal - by Will Boye Charlotte Business Journal Angry shareholders who want to see Wachovia Corp. via Baltimore Business Journal

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Wachovia Corp. said Tuesday it is nearly doubling previously reported losses for the first quarter after reviewing its portfolio of bank-owned life insurance. via Hampton Roads Daily Press

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Analysis and Discussion with Charles Bobrinskoy of Arial Investments via ClipSyndicate

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“In our view, this was the worst quarter delivered by an asset manager possibly ever”

Legg Mason Inc. posted its first quarterly loss as a public company in what its chief executive said was among the toughest periods it has ever seen, as the investment manager also announced plans to raise $1 ... via MarketWatch

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Wachovia Corp , the fourth-largest U.S. bank, on Tuesday nearly doubled its previously reported first-quarter loss because of a write-down on three contracts in a bank-owned life insurance portfolio. via Earth Times

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Sacramento Business Journal - by Michael Shaw Staff writer Photo courtesy of Winchester Country Club An auction of the golf course, country club and unsold lots at Winchester Country Club has been delayed until ... via Residential Real Estate

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Lest you focus just on the more serious stories in the financial press, such as Wachovia 's financial woes or Fed Chairman Ben Bernanke's financial fixes , here's a brief recap of some of the more unusual ... via Fool.com

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“This is no less than a devastating loss”

Wachovia Corp. says it will take a charge of $800 million to $1 billion tied to leasing transactions that Wachovia and other banks had been using as a tax write-off. Wachovia on Wednesday said a court of ... via STLtoday

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“We are in a strong position to go back to our original long-term debt financing plans and access the capital markets as needed.”

Public Service Co. of New Mexico has reached binding commitments with financial institutions for a total of $400 million in short-term credit. via New Mexico Business Weekly

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