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Wachovia Corporation began on June 16, 1879, in Winston-Salem, North Carolina, as the Wachovia National Bank. The bank was co-founded by James Alexander Gray and William Lemly. [10] In 1911, the bank merged with Wachovia Loan and Trust Company, "the largest trust company between Baltimore and New Orleans", [11] which had been founded on June 15 ...
SouthTrust Corporation was a banking company headquartered in Birmingham, Alabama.In 2004, SouthTrust reached an agreement to merge with Wachovia in a stock-for-stock deal. At the time of the merger with Wachovia was completed, SouthTrust had $53 Billion in assets.
Wachovia has agreed to pay $160 million, the largest-ever penalty for a Bank Secrecy Act case, and in exchange, the government will defer prosecution. Ex-Met Lenny Dykstra Sues JP Morgan for ...
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 ...
Wells Fargo and its predecessor, the Charlotte-based Wachovia Bank, violated national sanctions against Iran, Syria and Sudan when it designed a program to help a European bank process $532 ...
In 1974, Bache merged with Halsey, Stuart & Co., a Chicago-based investment bank founded in 1911. In 1952, Halsey, Stuart made headlines when its managing partner, Harold L. Stuart , testified before the U.S. Supreme Court for the government's antitrust case against Morgan Stanley and 16 other major investment banks.
It became the largest bank to fail since Seattle's Washington Mutual during the height of the 2008 financial crisis and, behind Washington Mutual, the second largest bank failure in U.S. history ...
The receivership of Washington Mutual Bank by federal regulators on September 26, 2008, was the largest bank failure in U.S. history. Regulators simultaneously brokered the sale of most of the banks's assets to JPMorgan Chase , which planned to write down the value of Washington Mutual's loans at least $31 billion.