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Wachovia Corporation is a multinational banking corporation providing a wide range of financial services to both consumers and businesses. It provides financial services through its four divisions: General Bank, Wealth Management, Capital Management, Corporate and Investment Banking.
Wachovia suffered from financial insolvency in 2008, spurred by the subprime mortgage crisis. Wells Fargo bought the company in 2008 in an $11.7 billion acquisition.USA Today: Federal Reserve approves Wells Fargo's Wachovia buy (October 13, 2008) The two will eventually merge into one bank.Wells Fargo: Customer Frequently Asked Questions
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Fast Facts
- Annual revenue (2007): $55.5 billion
- Year Established: 1908
- Industry: Finance and Insurance
- Phone: (704) 590-0000
- Fax: (704) 374-3425
- HQ: Charlotte, North Carolina
- CEO and President: Robert Steel
- CFO: David K. Zwiener
- Other key people: Stephen E. Cummings
- Bought by Wells Fargo in 2008 in a $11.7 billion dealUSA Today: Federal Reserve approves Wells Fargo's Wachovia buy (October 13, 2008)
- Federal Reserve approved the take over on October 12, 2008
- Wells Fargo and Wachovia are currently two separate banks; will eventually merge into oneWells Fargo: Customer Frequently Asked Questions
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Key Dates
- 1879: Wachovia National Bank established
- 2001: First Union Corporation merges with Wachovia
- 2003: Wachovia and Prudential form Wachovia Securities
- 2008: Wells Fargo buys Wachovia
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Official Site: Wachovia
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Wikipedia: Wachovia
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Wells Fargo & Company: Frequently Asked Questions Regarding Acquisition of Wachovia
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Funding Universe: Wachovia Corporation Company History
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USA Today: Federal Reserve approves Wells Fargo's Wachovia buy
usatoday.com (October 13, 2008) -
Wells Fargo & Company: Official Site
Start here to bank and pay bills online. Wells Fargo provides personal banking, investing services, small business, and commercial banking.wellsfargo.com -
CNN: Wells Fargo suffers $2.6 billion loss
money.cnn.com (January 28, 2009)
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Official Site: Wachovia
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Wachovia Corporation on Amazon | View All
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Wachovia Corporation admits ties to slavery; apologizes.(BLACK HISTORY): An article from: Jet - $5.95
This digital document is an article from Jet, published by Johnson Publishing Co. on June 20, 2005. The length of the article is 427 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML fo...
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Wachovia Corporation.(Employers Profile): An article from: The Black Collegian - $5.95
This digital document is an article from The Black Collegian, published by iMinorities, Inc. on February 1, 2003. The length of the article is 544 words. The page length shown above is based on a typical 300-word page. The article is delive...
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Wachovia Corporation on Twitter Powered by Twitter
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Wachovia Corporation Prices $7 Billion In Concurrent Offerings Of Common Stock And Convertible Preferred Stock - http://bit.ly/jajz7
@TiffanyMurrow | November 08, 2009 05:15 PM -
San Antonio, TX - Phone Service Representative 2 - Wachovia Corporation: RESPONSIBILITIES: Position title: Mort.. http://bit.ly/9zZhU
@Jobs_SanAntonio | November 07, 2009 04:19 PM -
Wachovia Corporation: Teller in Cumming, GA in Banking #jobs #job http://hashjobs.com/j/HJ8corz
@hashjobs | November 07, 2009 07:40 AM -
Wachovia Corporation Announces Exercise of Over-Allotment Options Bringing Total Common Stock and Convertible Preferre - http://bit.ly/ddRXx
@loriavilla | November 06, 2009 12:30 PM -
New blog post: IMAX Corporation Receives Commitment Letter From Wachovia With Participation of Export Developm... http://bit.ly/4DDfSO #imax
@BigMovieZone | November 05, 2009 07:33 PM
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Questions and Answers About Wachovia Corporation | View All | Ask a Question
View All Wachovia Corporation Questions (138) | Ask a QuestionDoes Wachovia have a new stock ticker symbol since the merger with Wells Fargo? The WB does not work anymore. (2 Answers)The ticker has been pulled from the market as the company goes through the merger. The only thing that still works are their preferred stock tickers. However, even these will ... read moreHow much money is loaned through corporate bonds in 2006, 2007, 2008? (1 Answer)Not too long ago I read a WSJ article that answered part of your question: according to the article, in 2007 there were $723.6 billion of corporate bonds issued in ... read moreIs the term corporate social responsibility an oxymoron? (6 Answers)I started writing a reply to this when I found a source that conveyed my position almost perfectly. "The voices calling for corporate reform are getting louder. "Corporate social responsibility ... read moreDoes the US have the 2nd highest corporate taxes in the world? (3 Answers)Depending on how you look at it, you could say that the USA is the second highest or the fourth highest. The US technically has the second highest corporate tax ... read more
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Wachovia Corporation Competitors
- Bank of America: Official Website | Mahalo
- CitiGroup: Official Website | Mahalo
- SunTrust Banks, Inc.: Official Website
- Washington Mutual: Official Website
- Wells Fargo: Official Website
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