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Archived official website at the Wayback Machine (archive index) Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total assets. [3]
Wachovia provided a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to customers through 3,300 retail financial centers in 21 states, along with nationwide retail brokerage, mortgage lending, and auto finance businesses.
Feb 19, 2009 · With blood pouring through the streets in the banking sector, much of it for good reason, we'll look at Wells Fargo and Wachovia, separate and together. Grab a cup of coffee.
Oct 3, 2008 · The Wells Fargo deal appears to benefit the FDIC by getting it off the hook to protect Citigroup against losses on $312 billion of Wachovia's more troubled assets -- including more than $100 ...
Oct 3, 2008 · The announcement comes only four days after Citigroup reached an agreement in principle to buy Wachovia’s banking operations for about $1 a share, at the government’s behest and with a...
Oct 3, 2008 · The transaction, based on Wells Fargo's closing stock price of $35.16 on Thursday, is valued at $7 a share. To pay for the deal, Wells Fargo will have to raise up to $20 billion in capital by ...
Apr 9, 2009 · Wells Fargo bought Wachovia for about $12.5 billion on Dec. 31. The bank has said it expects $5 billion in annual cost savings from the acquisition. Charge-offs are expected to total $3.3 billion...
