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- 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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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
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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Wachovia Corporation Questions
Does Wachovia have a new stock ticker symbol since the merger with Wells Fargo? The WB does not work anymore. 2 AnswersThe 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,... read more
How much money is loaned through corporate bonds in 2006, 2007, 2008? 1 AnswerNot 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 issue... read more
Is the term corporate social responsibility an oxymoron? 6 AnswersI 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... read more
Does the US have the 2nd highest corporate taxes in the world? 3 AnswersDepending 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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Client Associate job in Chesterton, IN at Wachovia Corporation http://bit.ly/07QNr0V #associate #jobs
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#jobs Financial Advisor Candidate job in Fort Worth at Wachovia Corporation http://bit.ly/3t3veU #financial #advisor
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Fort Wayne Jobs Receptionist - Wachovia Corporation - Fort Wayne, IN: Job Description: RESPONSIB.. http://bit.ly/3V3QHP
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