BNET Industries
Last Fiscal Year Sales:$56.6B
- Private
- US
Dow Jones Description
Wachovia is a diversified financial services company that provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services. We are one of the largest providers of financial services in the United States, with retail and commercial banking operations in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses. Our retail brokerage operations under the Wachovia Securities brand name manage client assets through offices nationwide. Globally, clients are served in selected corporate and institutional sectors and through more than 40 international offices. On December 31, 2008, Wells Fargo acquired Wachovia Corporation, creating the nation?s premier coast-to-coast financial services franchise.
Number of Employees 121,890
Contact Information
301 South College Street
Suite 4000
Charlotte, North Carolina 28288-0013
704-374-6565
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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The Next 2 Dividend Blowups?
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BofA's Repayment May Cause Others to Follow
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Wells will rebrand Wachovia
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Thousands of Dollars Donated to Assist Fort Hood Families in the Wake of Tragedy
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CBandT maintains iron grip on local banking market: But competition heating up with Wells Fargo...
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Expert says prognosis is iffy for area real estate in 2010: Crescent CEO, speaking at...
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Evergreen Fixed Income Fund Portfolio Management Changes
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BNY Mellon's Kelly Tells BofA No
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Charlotte mayor candidates agree: It's the economy
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Banks see big profits from overdraft fees
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Regional Briefs: PTA president charged in theft of $6,294 from organization
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Wells Fargo adds 3 bankers to public finance arm
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UPDATE: Bad Loans Rise, But Bankers Trumpet Slowing Growth
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27 comments
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Mattel earnings fall; economy takes toll on Barbie
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EROC
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Wells Fargo Targets 20% U.S. Emissions Cut
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Wells Fargo EF Names Hobbs Vice President
News & Analysis
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bank and wachovia corp. - All News and Analysis
Carrizo Oil & Gas Q4 2008 Earnings Call Transcript
Seeking Alpha
- 2009-03-03
Question-and-Answer SessionOperator Thank you, sir. Operator Instructions. And our first question comes from the line of David Tameron with Wachovia. Please proceed with your question. David Tameron - Wachovia Capital Markets Hi, good morning Chip. S. P. Johnson, IV Hey David. David Tameron - Wachovia Capital Markets Couple of...
Subprime's Lure Fatal for Wachovia, National City
BNET
- 2008-10-27
The pattern is too familiar. Two profitable, respected banks with limited exposure to mortgages get greedy and try to cash in on the subprime craze. Both end up ready to go out of existence. That's the case with National City Bank of Cleveland and Wachovia of Charlotte,...
Why Wachovia Is a Good Fit For Wells Fargo
BNET
- 2008-10-15
Wells Fargo's now-on, $12.2 billion takeover of Wachovia is a positive for the San Francisco-based bank since it doubles its balance sheet, its branches and makes it a coast-to-coast entity, bank analysts say. Taking over the North Carolina bank gives Wells Fargo first-time access to 13 eastern...
BofA, Wachovia Cut Prime: Impact On Lending Unclear
BNET
- 2008-10-08
It's going to take more than a mere interest rate cut to raise the banking industry's comfort level. In reaction to an unprecedented interest-rate cut by six central banks throughout the world, major U.S.-based commercial banks today began lowering their prime lending rate, a benchmark that lenders typically charge their best...
Financial Roundup: Crisis Threatens Europe, Banks Fight, and More
BNET
- 2008-10-06
The sharks are circling Europe -- How does that goofy Disney song go? "It's a small world, after all..." Well, today's stock market plunge of nearly 800 points proves that point. It is a small world and we're in the midst of a full-blown global economic crisis....
Wells Power Play Puts Citigroup, FDIC On Defense
BNET
- 2008-10-03
Which do you prefer -- a bank merger requiring government assistance or one that does not? That's the big question revolving around today's surprise announcement that Wells Fargo has entered a deal to acquire Wachovia for nearly $15 billion in stock. This agreement seeks to supplant Citigroup's previously announced deal to...
With Bailout In Sight, Big Private Investors Back Banks
BNET
- 2008-09-29
While the proposed $700 billion, taxpayer-backed rescue of the economy is grabbing the nation's undivided attention, private investors are pouring billions into the U.S. financial system and backing banking groups poised to survive the current crisis. Right now, an estimated $40 billion in outside money is being pumped into some of the country's biggest banking concerns....
Wachovia hires Goldman Sachs over loan issues
- 2008-06-25
The Philadelphia region's largest bank, Wachovia Corp., said yesterday that it had hired Goldman Sachs Group Inc. to advise the nation's fourth-largest bank on its troubled loan portfolio. Wachovia spokeswoman Christy Phillips-Brown confirmed that Goldman Sachs had been hired and "is performing analytics on our loan portfolio to evaluate various...
Wachovia CEO's 'Early Retirement' Came Cheaply
BNET
- 2008-06-04
On the books, Wachovia considered the recent firing of CEO G. Kennedy Thompson an "early retirement" -- resulting in a $1,453,333 severance award and an accelerated vesting of $7,246,362 in restricted stock. But it actually could have been a far bigger payout for the departing CEO if Thompson hadn't terminated...
Clockwork Home Services Secures $120 Million in Financing Capital from Prudential Capital Partners and Wachovia Bank
- 2008-05-12
Clockwork Plans to Use Proceeds in Part to Accelerate Growth And Acquisitions SARASOTA, Fla. -- Clockwork Home Services, Inc. Clockwork, one of North America's fastest-growing operators of home services franchises, announced that it has secured a total of $120 million in financing from Prudential Capital Partners, L.P. II, Wachovia...
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