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57 Resources for

first union and investment

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Behind the Ouster of Wachovia's CEO
First they stripped G. Kennedy Thompson of his role as Chairman of Wachovia Corp. Now, they're forcing the CEO of the nation's fourth largest bank to retire. Sounds like another tale of C-Suite woe for major banks. Indeed, financial institutions have been taking hit after hit in...
Tags: Wachovia Corp., Financial Services, Mergers & Acquisitions, Finance, Peter Galuszka, Investment, First Union
Blog posts 2008-06-03
Wachovia to pay $37m to settle SEC complaint.(Securities and Exchange Commission)
Wachovia Corp. has agreed to pay a 37 million penalty to settle a civil action brought by the Securities and Exchange Commission that claimed the company failed to disclose certain stock purchases in conjunction with its 2001 merger with First Union. The complaint alleges...
Tags: FINANCE, First Union, Investment, SEC, Wachovia Corp.
Research articles 2004-11-29
Wachovia agrees to pay SEC fine of $37 million
WASHINGTON -- Wachovia Corp. agreed to pay a $37 million civil fine Thursday to settle federal regulators' allegations that the banking giant violated disclosure rules in connection with its 2001 merger with First Union Corp. The Securities and Exchange Commission alleged in a lawsuit that Wachovia and First...
Tags: FINANCE, First Union, Investment, SEC, Wachovia Corp.
Research articles 2004-11-05
Wachovia to pay $37 million to settle claims concerning stock-buy disclosure.
By Rick Rothacker, The Charlotte Observer, N.C. Knight Ridder/Tribune Business News Nov. 5--Wachovia Corp. is paying $37 million to settle allegations that it did not properly disclose stock purchases made in connection with the 2001 Wachovia-First Union Corp. merger. ...
Tags: FINANCE, First Union, Investment, merger, SEC, stock, Wachovia Corp.
Research articles 2004-11-05
SEC says Wachovia agrees to pay $37 million.
By Richard Newman, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News Nov. 5--Wachovia Corp. has agreed to pay $37 million to settle an investigation into whether it manipulated stock prices to smooth the way for the First Union-Wachovia merger in 2001, the Securities...
Tags: FINANCE, First Union, Investment, SEC, stock, Wachovia Corp.
Research articles 2004-11-05
After 73 Years, Time for a Change
The movement of a $500,000 producer from Prudential Securities to First Union Securities typically would go unnoticed. But Russell Bickel is not your typical firm-hopping broker. Bickel is getting new business cards after spending 73 years at Prudential and its predecessors - 55 of those years as a broker!...
Tags: FINANCE, First Union, Investment, Prudential Insurance Company of America, stock
Research articles 2001-12-01
Natus Medical Announces Exercise of IPO Over-Allotment Option
Business Editors & Health/Medical Writers SAN CARLOS, Calif.--BW HealthWire--Aug. 24, 2001 Natus Medical Inc. ("Natus") (Nasdaq:BABY) today announced that the underwriters of its initial public offering, led by Dain Rauscher Wessels, First Union Securities and Adams, Harkness & Hill, have exercised in full the over-allotment option to purchase...
Tags: Adams Harkness & Hill, FINANCE, First Union, Investment, IPO
Research articles 2001-08-24
National Bank of Commerce Buys Eight Roanoke, Va., Branches.
By Keisha Stewart, The Roanoke Times, Va. Knight Ridder/Tribune Business News Aug. 14--National Bank of Commerce will own the eight Roanoke branches sold in the merger of Wachovia and First Union. The Memphis, Tenn.-based parent company of National Bank of ...
Tags: bank, FINANCE, First Union, Investment, National Bank of Commerce Inc., NBC Universal Inc., Wachovia Corp.
Research articles 2001-08-14
AGRAQUEST FILES FOR IPO.(Brief Article)(Statistical Data Included)
Biopesticides firm AgraQuest (Davis, CA) has filed a registration statement with SEC for an initial public offering IPO to raise up to $75 million. Merrill Lynch is lead underwriter for the offering; Stephens Inc. and First Union Securities are co-managers. The company has one...
Tags: FINANCE, First Union, Investment, IPO, revenue, U.S. Department of Agriculture, underwriter
Research articles 2001-08-15
Federal Reserve Board Ups Assets SunTrust Would Have to Divest for Merger.
By Christine Van Dusen, The Atlanta Journal and Constitution Knight Ridder/Tribune Business News Jul. 26--SunTrust Banks underestimated how many branches would have to be sold if the Atlanta-based company were to merge with Wachovia. The Federal Reserve Board has told SunTrust Banks...
Tags: divestiture, Federal Reserve Board, FINANCE, First Union, Investment, merger, United Parcel Service of America Inc., Wachovia Corp.
Research articles 2001-07-26
First Union, Wachovia to Sell 38 Branches in Proposed Merger.
By Rick Rothacker, The Charlotte Observer, N.C. Knight Ridder/Tribune Business News Jul. 27--As part of their proposed merger, First Union Corp. and Wachovia Corp. would sell 38 branches, including 26 in the Carolinas, to appease government antitrust concerns. The Department of...
Tags: bank, FINANCE, First Union, Investment, merger, SunTrust Banks Inc., U.S. Department of Justice, Wachovia Corp.
Research articles 2001-07-27
First Union Rebuts Rival's Claims.
By Audrey Y. Williams, The Charlotte Observer, N.C. Knight Ridder/Tribune Business News Jul. 6--First Union Corp. on Thursday urged the Federal Reserve to disregard a letter from SunTrust Banks Inc. that seeks to derail a merger between First Union and Wachovia Corp....
Tags: Federal Reserve Board, FINANCE, First Union, Investment, SunTrust Banks Inc., Taxes
Research articles 2001-07-06
Trio Shops Mixed-Pool CDO.
GMAC Commercial Mortgage, First Union and Goldman Sachs last week began marketing a $500 million collateralized debt obligation backed by a mix of unsecured REIT debt, commercial MBS and whole loans. The transaction, dubbed Crest G-Star 2001-1, is the fourth arranged by First Union...
Tags: FINANCE, First Union, Goldman Sachs Group Inc., Investment, REIT
Research articles 2001-06-25
The Philadelphia Inquirer Loose Change Column.
By Joseph N. DiStefano, The Philadelphia Inquirer Knight Ridder/Tribune Business News May 22--Casino operator Harrah's Entertainment Inc. has tapped MBNA America Bank of Wilmington to sell cards to 23 million gamblers who have registered at the company's casinos, restaurants and hotels...
Tags: bank, casino, FINANCE, First Union, Harrah, Investment, MBNA Corp., SALES, stock
Research articles 2001-05-22
GMAC Team to Repackage CMBS, REIT Bonds.(Brief Article)
GMAC Commercial Mortgage, First Union and Goldman Sachs will team up next month to repackage up to $500 million of commercial MBS and unsecured REIT debt. GMAC will contribute $200 million to $250 million of CMBS ranging in grade from unrated to triple-B. Roughly...
Tags: bond, FINANCE, First Union, Goldman Sachs Group Inc., Investment, REIT
Research articles 2001-05-28
Gaylord Hunts for Big Hotel Loan.
Gaylord Entertainment is looking for $250 million of financing for a huge hotel it is building in Florida. Gaylord has already lined up an insurance policy for the loan from FSL Group, a Bermuda-based subsidiary of Royal & SunAlliance Insurance. Now it is talking...
Tags: FINANCE, financing, First Union, Insurance, Investment, Merrill Lynch & Co. Inc., Mortgages, Nashville
Research articles 2001-05-14
Americas: Financial services provide the action, The
The biggest mergers and acquisitions in Europe,Asia, and the Americas in recent weeks have all been in the financial services industry. The battle for Houston, Texas-based insurer,American General, was the biggest of them all. British insurer Prudential and American International Group locked horns with competing bids for American General. Prudential...
Tags: American International Group Inc., FINANCE, First Union, Investment, Prudential Insurance Company of America, Wachovia Corp.
Research articles 2001-05-01
Eschelon Telecom, Inc., Announces Closing Of Expanded Debt Facility; Funding Expands Bank Facility From $135M to $145M And Allows Company Continued Expansion Opportunities
Business Editors MINNEAPOLIS--BUSINESS WIRE--April 5, 2001 Eschelon Telecom, Inc., a Minnesota-based Integrated Communications Provider ICP today announced that it has completed a $10 million expansion of its debt facility. The company plans to use the additional funding to install a switch in its Reno, Nevada market and to...
Tags: bank, FINANCE, financing, First Union, FleetBoston Financial Corp., Investment, J.P. Morgan Chase & Co.
Research articles 2001-04-05
Securities Analysts Downgrade Staffing Firm Manpower.
By Joel Dresang, Milwaukee Journal Sentinel Knight Ridder/Tribune Business News Mar. 20--The specter of economic gloom cast a shadow on American staffing and recruitment companies Monday as securities analysts shaded their earnings expectations for the stocks. Glendale-based Manpower Inc., the nation's...
Tags: analyst, FINANCE, First Union, Goldman Sachs Group Inc., Investment, Manpower Inc., security, staffing, stock, worker
Research articles 2001-03-20
The Philadelphia Inquirer Loose Change Column.
By By Joseph N. DiStefano, The Philadelphia Inquirer Knight Ridder/Tribune Business News Mar. 11--For at least one big corporation, political donations could prove a far more profitable investment than stocks, bonds or venture capital this year. Congress is close...
Tags: bankruptcy, chairman, FINANCE, First Union, Internet Capital Group, Investment, Litigation, MBNA Corp.
Research articles 2001-03-11
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