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Wachovia

Wachovia, based in Charlotte, North Carolina, is a diversified, wholly owned financial services subsidiary of Wells Fargo. As an independent company, it was the fourth-largest bank holding company in the United States based on total assets.

The purchase of Wachovia Corporation by Wells Fargo was completed on December 31, 2008. Wells Fargo purchased Wachovia after a government-forced sale to avoid a failure of Wachovia. Read More

Headlines Around the Web

Wells Fargo plans global expansion drive

Mar 05, 2012 - Financial Times

SEC brings charges vs. Wachovia over CDOs

Apr 06, 2011 - MarketWatch

Wells Fargo reports record quarterly profits

Oct 20, 2010 - Financial Times

Jury is still out over rescue of Wachovia

Sep 29, 2010 - Financial Times

Articles About Wachovia

Bank Of America Accused Of Deluding Investors

By Industry Leaders Magazine

A civil lawsuit was filed against Bank of America for misleading investors in an $850 million mortgage-bond deal known as BOAMS 2008-A offered in 2008. (Aug 11, 2013)

MORE TOPICS: BANK OF AMERICA, COURT, NEW YORK, DEPARTMENT OF JUSTICE, ATTORNEY GENERAL, LAWSUIT

Insight: Why Citi wants to rack up U.S. taxes

By Reuters

Over the past few years, Citigroup Inc has been grappling with an unusual problem - how to incur more U.S. taxes. (Jun 18, 2013)

MORE TOPICS: CITIGROUP, BANK OF AMERICA, LEHMAN BROTHERS, MORTGAGE, INVESTMENT

Exclusive: Wells Fargo cuts approved list of money managers

By Reuters

Wells Fargo & Co is slashing an approved list of money managers and investment vehicles that its stockbrokers market to the firm's wealthy clients, a change of direction that has rattled the third-largest U.S. brokerage network. (Apr 15, 2013)

MORE TOPICS: WELLS FARGO, RETAIL, MANAGEMENT, INVESTMENT

Shareholders signal dissatisfaction with HP's board

By Reuters

Hewlett-Packard Co Chairman Ray Lane and several other directors narrowly kept their seats on the board as shareholders conveyed their displeasure over the botched $11 billion acquisition of British software firm Autonomy Plc. (Mar 21, 2013)

MORE TOPICS: MEG WHITMAN, HP, MANAGEMENT, INVESTMENT

HP's Lane, several others narrowly keep board seats

By Reuters

Hewlett-Packard Co's shareholders re-elected the company's board on Wednesday, but Chairman Ray Lane and three others only narrowly kept their seats after criticism about their roles in the botched $11 billion acquisition of Autonomy Plc. (Mar 21, 2013)

MORE TOPICS: HP

Wells Fargo CEO's $19.3 million in pay leads peers

By Reuters

Wells Fargo & Co <WFC.N> Chief Executive John Stumpf's pay increased 8 percent in 2012, making him one of the industry's best-paid leaders, according to a filing with the U.S. Securities and Exchange Commission on Thursday. (Mar 15, 2013)

MORE TOPICS: CITIGROUP, BANK OF AMERICA, GOLDMAN SACHS, JPMORGAN CHASE, MORGAN STANLEY, WELLS FARGO

Wells Fargo CEO's pay rose 8 percent to $19.3 million - filing

By Reuters

Wells Fargo & Co <WFC.N> Chief Executive John Stumpf's pay increased 8 percent in 2012, making him one of the industry's best-paid leaders, according to a filing with the U.S. Securities and Exchange Commission on Thursday. (Mar 15, 2013)

MORE TOPICS: CITIGROUP, BANK OF AMERICA, GOLDMAN SACHS, JPMORGAN CHASE, MORGAN STANLEY, WELLS FARGO

HP director defends chairman Lane

By Reuters

Hewlett-Packard Co's <HPQ.N> lead independent director defended Chairman Ray Lane and two fellow board members on Monday, contesting a recommendation from proxy adviser ISS that shareholders oust them for their role in the mis-managed acquisition of Autonomy Plc in 2011. (Mar 12, 2013)

MORE TOPICS: WAL-MART, BANK OF AMERICA, MERRILL LYNCH, WELLS FARGO, MEG WHITMAN, HP

Leading proxy firms seek ouster of HP chairman, directors

By Reuters

Two leading proxy advisers on Tuesday urged Hewlett-Packard Co shareholders to oust several board directors for their role in the ill-fated 2011 acquisition of British software company Autonomy. (Mar 06, 2013)

MORE TOPICS: DOW JONES, WELLS FARGO, MARK HURD, MEG WHITMAN, HP, CALIFORNIA

Wells Fargo ramps up private equity despite Volcker Rule

By Reuters

When former Wells Fargo & Co <WFC.N> Chief Executive Dick Kovacevich joined Norwest Bank in 1986, he had reservations about its private equity investments as he did not think it was the kind of business a bank needed to be in. He got over it. (Feb 21, 2013)

MORE TOPICS: FEDERAL RESERVE, CITIGROUP, BANK OF AMERICA, GOLDMAN SACHS, JPMORGAN CHASE, WELLS FARGO