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How could a $24 billion loss possibly be good news? When it comes from Wachovia as an effort to primp itself for its acquisition by Wells Fargo.
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AP, Charlotte
Wachovia says it swung to a loss in the third quarter as it set aside $6.63 billion to cover loan losses and build its credit reserves.
made popular Oct 22 2008
AP, Washington
The Federal Reserve on Sunday approved Wells Fargo’s $11.7 billion acquisition of Wachovia, removing the deal’s last major regulatory hurdle.
made popular Oct 13 2008
AP, Washington
Federal antitrust regulators say they have cleared Wells Fargo’s $11.7 billion acquisition of troubled bank Wachovia Corp.
made popular Oct 10 2008
AP, New York
Wells Fargo plans to complete its purchase of Wachovia, after rival suitor Citigroup broke off talks with Wells Fargo and federal regulators Thursday but vowed to have...
made popular Oct 10 2008
AP, New York
Citigroup says it has ended negotiations with Wells Fargo in their fight to acquire Wachovia.
made popular Oct 9 2008
AP, New York
Federal officials continued their fervent quest Wednesday to reach an agreement between Citigroup and Wells Fargo over the fate of Wachovia Corp. _ which could include...
made popular Oct 8 2008
AP, New York
Citigroup and Wells Fargo have agreed to extend their legal standstill in the fight for Wachovia until Friday morning.
made popular Oct 8 2008
AP, Charlotte
Wachovia Corp. said Wednesday it lowered its prime lending rate to 4.5 percent from 5 percent.
made popular Oct 8 2008
AP, New York
Citigroup Inc. said Monday it has filed a complaint in New York Supreme Court against Wachovia, Wells Fargo and the directors of both companies seeking more than $60...
made popular Oct 6 2008
AP, San Francisco
Once hailed for running their savings-and-loan company like an endearing mom-and-pop shop, Herb and Marion Sandler are now being vilified as ruthless home lenders who...
made popular Oct 5 2008
AP, New York
A New York judge has temporarily blocked Wells Fargo from acquiring Wachovia.
made popular Oct 5 2008
AP, San Francisco
Wells Fargo says it is acquiring Wachovia in an all-stock transaction worth about $15.1 billion, as Wachovia ends talks with rival suitor Citigroup.
made popular Oct 3 2008
AP, New York
The government says Citigroup will acquire the banking operations of Wachovia in a deal facilitated by the Federal Deposit Insurance Corp.
made popular Sep 29 2008
AP, New York
At least two major banks were reportedly in talks Sunday to buy Wachovia Corp., the latest U.S. bank to be the focus of investor anxiety over mounting losses tied to...
made popular Sep 28 2008
AP, New York
Although Wachovia Corp. has been mentioned as one of the more troubled big U.S. banks, at least some analysts believe it is not at risk and is unlikely to suffer the...
made popular Sep 26 2008
AP, New York
Morgan Stanley and Wachovia Corp. are in talks about a possible combination as the investment bank tries to come up with ways to survive the ongoing credit crisis,...
made popular Sep 17 2008
AP, St. Louis
The “nightmare” is over for thousands of investors whose money was tied up in auction-rate securities purchased through Wachovia Corp., Missouri Secretary...
made popular Aug 15 2008
AP, St. Louis
Missouri Secretary of State Robin Carnahan has announced a multibillion-dollar agreement with Wachovia Corp.
made popular Aug 15 2008
AP, New York
Wachovia Corp. has agreed to buy back $8.5 billion in auction-rate securities as part of a wide-ranging investigation by the New York Attorney General and other state...
made popular Aug 15 2008
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Sunnyvale:
In this April 16, 2007 file photo, exterior view of a Wells Fargo Bank in Sunnyvale, Calif. Federal antitrust regulators on Friday, Oct. 10, 2008, cleared Wells Fargo’s $11.7 billion acquisition of Wachovia Corp., capping a weeklong battle for the...
