wachovia

The Wachovia; Corporation, based out of Charlotte, North Carolina, has been in operation since 1879 when it started out as Wachovia National Bank in Winston-Salem, North Carolina.

According to their official site, as of the end of June 2008, Wachovia had over 3,300 financial centers, 1,500 retail brokerage offices, and 5,300 ATMs nationwide. Wachovia's corporation is actually comprised of four internal divisions: Capital Management, Corporate and Investment Banking, General Bank, and Wealth Management.

The financial crisis of 2008, though, impacted Wachovia. Wells Fargo had agreed to buy the struggling institution just days after Wachovia had agreed to a similar settlement with Citigroup.

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Original Technorati articles tagged “wachovia”

• in Finance
  California and Wells Fargo Push to Modify “Pick a Payment” Loans
  Pressing forward as Wells Fargo agrees to assist California home owners who are struggling with their adjustable pick a payment or option arm loans to continue loan modifications in the troubled state. $2.4 billion to aid loan modifications targeting the negative amortization loans, this comes after the giant lender agrees to keep modify loans in 8 other states.
  by freehampreport / on Dec 22, 2010

Latest blogosphere posts tagged “wachovia”

 

• Are Wall Street Wirehouses Killing the Goose that Laid the Golden Egg?

  
  Investment Fraud Lawyer Blog — Authority: 110
  The big four Wall Street wirehouses have lost market share since the financial crisis in part because of their role in the crisis and “customer distrust,” according to Bing Waldert, a director of Cerulli Associates Inc. (See “Wirehouse market share has shriveled since crisis,” InvestmentNews). Merrill Lynch ...
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• Money reads: Half of US home equity wiped out since 2006, Fed says

  
  All Home Loan Info — Authority: 120
  Money reads: Half of US home equity wiped out since 2006, Fed says The nation has lost $ 7 trillion in market value since 2006, or more than half total home equity. Prices are now down 33 percent. "Declines on this scale are unprecedented since the Great Depression," the authors wrote. because home equity is [...]
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• Banks Financing Mexico Gangs Admitted in Wells Fargo Deal ( Article)

  
  Fact over Fiction — Authority: 118
  Wachovia admitted it didn’t do enough to spot illicit funds in handling $378.4 billion for Mexican-currency-exchange houses from 2004 to 2007. That’s the largest violation of the Bank Secrecy Act, an anti-money-laundering law, in U.S. history -- a sum equal to one-third of Mexico’s current gross domestic product.
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• Strength of Mortgage Lending Leads 20 Percent Q4 Gain by Wells Fargo

  
  Mortgage Net Branch Opportunities — Authority: 133
  Wells Fargo & Company has reported a record net income of $4.1 billion for the fourth quarter 2011, compared to $3.4 billion for the fourth quarter of 2010, and $4.1 billion for the third quarter of 2011. For all of 2011, Wells Fargo reported a net income of $15.9 billion, up 28 percent from 2010′s full-year ...
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  Exhibit A Baltimore — Authority: 137
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• Wells Fargo Earnings Preview: Double-Digit EPS Growth Expected

  
  Benzinga — Authority: 516
  Wells Fargo (NYSE: WFC ) is scheduled to report fourth-quarter and full-year 2011 results tomorrow morning, January 17. Of the slew of big banks reporting earnings this week, prospects for Wells Fargo seem pretty strong, as far as analysts are concerned.
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• Skyscrapers Predict Financial Crises

  
  SurlyTrader — Authority: 105
  It always amuses me that there are many examples of large companies falling from grace shortly after they put their company logo on a sports stadium .  Many of these companies embraced bankruptcy shortly thereafter: Enron Field (now Minute Maid Park) – 1999 – Astros (MLB) CMGI Field (now Gillette Stadium) ...
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