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Wachovia provided a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to customers through 3,300 retail financial centers in 21 states, along with nationwide retail brokerage, mortgage lending, and auto finance businesses.
Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total assets. [3] Wachovia provided a broad range of banking, asset management, wealth management, and corporate ...
Oct 3, 2008 · As a result of the Wachovia deal, Wells Fargo would get $448 billion of bank deposits -- a big, new source of stable funding. The firms, on a combined basis, would operate 10,761 locations in 39 ...
Oct 6, 2008 · The deal between Wachovia WB, +0.48% and Citi C, +0.28% was unveiled a week ago. But late on Thursday, Wachovia agreed to be acquired by Wells Fargo WFC, -1.62%.
Jan 1, 2009 · WFC. -0.03%. HONG KONG (MarketWatch) -- Wells Fargo & Co. said Thursday it completed the acquisition of Wachovia Corp., creating a financial-services giant with $1.4 trillion in assets, a service ...
Feb 19, 2009 · Wachovia was known for risky loans in their commerical and real estate sector. Wells just took $37.2billion credit write down on 12/31 of wachovia's high risk loan. And theres more coming.
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The Wachovia Corporation developed from a small bank in Salem, North Carolina to become the fourth-largest bank holding company in the United States. Before Wells Fargo acquired Wachovia in 2008, it was the largest bank in the South, and it had the most extensive trust corporation, or financial service that assists with corporate wealth management, between Baltimore and New Orleans.
