Wachovia news from FierceFinance
News
Bad bank news is all relative
When is bad news really good news? When the bad news is not nearly as bad as expected, notes the New York Times. You could almost feel the relief wash over the markets as many top banks (excepting Read more...
Washington Mutual lays an egg
Things were looking good for much of the commercial bank sector this week. The upside surprises from the likes of Citigroup, Bank of Read more...
Virtual receivorship for Wachovia?
MarketWatch says this about Wachovia: "A case could be made that Charlotte, N.C.-based Wachovia, where loan defaults have jumped nearly five fold, isn't much better off Read more...
Dividends, the best source of capital right now?
We've noted that most banks big banks have fewer options when it comes to capital raising. Public offerings are increasingly hard, given concerns about dilution among other things. Outside investors Read more...
Bank earnings are going to be ugly
Are you ready for the next earning go-around? It's going to be pretty ugly. I'd be nice to think that the potential bad news--and analysts have grown more cautious as earnings dates approach--has Read more...
Can Wachovia survive on its own?
Wachovia's new CEO, Robert Steel, has roots at Goldman Sachs, where he was vice chairman before moving into public service at the Treasury Read more...
So who will run Wachovia?
Chairman and interim CEO of Wachovia Lanty Smith is leading the search for the troubled bank's next CEO. Breakingviews suggests that he needs to hurry up. The delay, to Read more...
What's up with Wachovia?
First a CEO, now loan portfolios? After Wachovia ousted Ken Thompson, it reportedly hired Read more...
Regional banks sharing the misery
Most of the headlines have focused on the global banks, the likes of Bear Stearns and Lehman Brothers. But regional banks and near-regional banks are suffering as well. The mortgage situation at Read more...
Countrywide to be Ken Lewis's undoing?
The sacking of former Wachovia CEO Ken Thompson shows how one deal really can blow a guy's career. True, Read more...