Wachovia Corp

Wells Fargo & Co., which received $25 billion in government aid, said Wednesday that it was cutting spending on the Wachovia Championship golf tournament in April amid criticism from U.S. lawmakers about banks' expenses. The San Francisco bank, which acquired Wachovia Corp. in December, has a sponsorship contract with the PGA Tour through 2014, spokeswoman Mary Beth Navarro said.

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.

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.

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.

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.

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.

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.