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Wachovia provided global services through more than 40 offices around the world. The acquisition of Wachovia by Wells Fargo was completed on December 31, 2008, after a government-forced sale to avoid Wachovia's failure. The Wachovia brand was absorbed into the Wells Fargo brand in a process that lasted three years. [2]
On Monday June 21, 2004 Wachovia Corporation announced it would buy SouthTrust in an all-stock transaction valued at $14.3 billion. [5] The merger closed on November 1, 2004. [6] The Birmingham market was the last market for the conversion to the Wachovia brand which occurred in October 2005.
G. Kennedy Thompson, also known as Ken Thompson, (born November 25, 1950) is an American banker and businessman who was chairman, president, and CEO of Wachovia Corporation, formerly First Union Corporation, from 2000 through 2008. [1] During his leadership, Wachovia grew to become the nation's fourth largest bank. [2] [3]
The Securities Arbitration Law Firm of Klayman & Toskes Files $1.5 Million Claim Against Wachovia Securities on Behalf of a UPS Employee As It Continues To Investigate Claims on Behalf of Current ...
Wachovia CEO G. Kennedy "Ken" Thompson described Golden West as a "crown jewel". [16] But investors did not react positively to the deal. After the takeover was completed in 2006, some analysts said that Wachovia purchased Golden West at the peak of the US housing boom, and that its mortgage-related problems were the ultimate factor in Wachovia ...
Asked on RMC radio why he did not make a move to hire Pogba, Longoria said his suspension until March was a factor. “When I talk about Paul, I’m always talking about someone I really like ...
Two Indian chemical companies have been indicted for allegedly importing ingredients for the highly addictive opioid fentanyl into the United States and Mexico, the U.S. Department of Justice said ...
First Union Corporation was a bank holding company that provided commercial and retail banking services in eleven states in the eastern U.S.First Union also provided various other financial services, including mortgage banking, credit card, investment banking (First Union Securities), investment advisory, home equity lending, asset-based lending, leasing, insurance, international and ...