Tag:
Wachovia
Latest Headlines
Latest Headlines
Ex-Wachovia execs end up in high places
The taint of working at a collapsed firm is just not that a big of a deal in the financial services industry. It's not as if employees of failed banks are somehow toxic and shunned by other banks.
Reuters takes a look at the Wachovia diaspora in the banking industry and notes that "th
As Bank of America stumbles, Charlotte reels
Before the financial crisis, Charlotte oozed civic pride about its stature as an international banking center. But then Wachovia was forced into the arms Wells Fargo, and Bank of America started to crater. And then the job cuts started in earnest. And now it's not much of a banking center anymore.
Morgan Stanley, "worth more dead than alive"
So just how undervalued is Morgan Stanley (NYSE:MS )? Its shares are down nearly 30 percent from their February peak, and that has got Sanford C. Bernstein & Co. analyst Brad Hintz thinking. After accounting for the planned conversion of Mitsubishi UFJ Financial Group's stake in the firm, h
Wells Fargo anticipates drama at annual meeting
Wells Fargo ( NYSE: WFC ) has scheduled its annual shareholder meeting for May 3. And we could be in for some big drama, as two major proxy advisory firms--Glass Lewis and ISS Proxy Advisory Services--are recommending investors vote against the reelection of Philip Quigley as the bank's lead dir
Wachovia won't return stolen funds, customer claims
An interesting claim has landed in court in the Miami: an assistant vice president at Wachovia Bank, now owned by Wells Fargo, stole $84,343 from a customer's account, and even though the FBI and the banks confirm the theft, Wells Fargo refuses "to return a single penny," reports Courthouse News
Wachovia, Wells Fargo integrate IT
The rationale for many a bank merger has been undercut by poor integration at the IT level. Will Wells Fargo run into this as it tries to digest the IT assets of Wachovia?
The top executives heading up the efforts are optimistic that the integration is right on track. The effort was slated to
Ex-Wachovia manager admits to long-term theft
Linda Speaks Tribby was a veteran employee of Wells Fargo ( NYSE: WFC ), via Wachovia and predecessor banks, with more than 25 years of experience, ultimately working as a business relationship manager developing in Northern Virginia. Unfortunately, prosecutors have charged that from about Decem
Can new Wells Fargo CFO end controversy over predecessor?
Timothy Sloan was appointed to CFO at Wells Fargo ( NYSE: WFC ) last month, and the board no doubt hopes he can put a rest to all the speculation surrounding the surprising resignation of former CFO Howard Atkins. Recall he stepped down for undisclosed personal reasons that led to a lot of guess
Wells Fargo to provide $2.4B in relief to California homeowners
On the heels of the news that Arizona and Nevada have sued Bank of America, Wells Fargo ( NYSE: WFC ) and the attorney general of California have announced a settlement that calls for the bank to provide relief of up to 2.4 billion to California homeowners who chose so-called pick-a-payment loan
Goldman Sachs targeted by animal rights extremists
An arresting headline in Courthouse News Service reads "Goldman Sachs Denies 'Torturing Puppies.' " The jarring headline sits atop an article about a nasty dispute pitting groups called Stop Huntingdon Animal Cruelty (SHAC) and Defenders of Animal Rights Today and Tomorrow (DARTT) against the
