Business | December 24, 2008
Wachovia Corp. shareholders Tuesday approved its sale to Wells Fargo & Co., one of the final steps toward ending the independence of the sixth-largest U.
Business | E. Scott Reckard | October 23, 2008
Wachovia Corp. reported a staggering third-quarter loss of nearly $24 billion today, devastated by its acquisition two years ago of Oakland's Golden West Financial Corp.
Business | October 13, 2008
The Federal Reserve on Sunday approved Wells Fargo's $11.7-billion acquisition of Wachovia Corp., removing the deal's last major regulatory hurdle. The Fed's move comes after federal antitrust regulators also moved swiftly to back San Francisco-based Wells Fargo's deal to buy the Charlotte, N.
Business | David Lazarus | October 9, 2008
As ailing Wachovia Corp. waits to see whether it will be acquired by Wells Fargo & Co. or Citigroup Inc. -- possibly with taxpayers paying the tab for hundreds of billions of dollars in bad loans -- some of the company's top brokers are preparing to depart Saturday for an all-expenses-paid cruise of the Greek Isles.
Business | October 6, 2008
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 helped destroy Wachovia Corp.
Business | M Bloomberg News | September 10, 2008
Wachovia Corp., the fourth-largest U.S. bank, will cut expenses next year by $1.5 billion and is "tapping the brakes" on risk, Chief Executive Robert Steel told investors Tuesday.