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Boston Globe (Free subscription) | 08/05/2009
WASHINGTON - The government's $50 billion program to ease the mortgage crisis is helping only a tiny fraction of struggling homeowners, and a list released Tuesday showed which lenders are laggards. As of July, only 9 percent of eligible borrowers had seen their mortgage payments reduced with modified loans. And the first monthly progress report showed that 10 lenders had not changed a single mortgage....
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Financial24 (Free subscription) | 07/16/2009
A U.S. judge turned aside a claim by Citigroup Inc (C:NYSE). in a $40 billion lawsuit that Wachovia Corp. breached an exclusivity provision of a scuttled 2008 merger agreement between the banks. Wells Fargo & Co. agreed to buy Wachovia in Octobe ...
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iStockAnalyst.com (Free subscription) | 06/20/2009
"Unless hiring magically picks up, a 10 percent unemployment rate is pretty much baked in." -Mark Vitner, Wachovia Corp. FN: This is easily the most important news event of the day... as it goes to: 1) Stress Test, both Base Case and Adverse Scenario 2) "Green Shoots" theory... 3) The "Re-flation Trade"... 4) The "Car Industry Bottoming Theory" 5) The "Home...
4Vote!
Financial24 (Free subscription) | 05/14/2009
Wall Street Media presents exclusive video of Rich Gordon, the highly regarded Fixed Income Market Strategist of Wachovia Corporation , discussing the payrolls reports of 539,000 additional job losse
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Bank Tech (Free subscription) | 04/09/2009
It�s interesting to see how right Wells Fargo seems to have gotten it, in its dramatic acquisition of Wachovia Corp.�based on today�s surprise, record quarterly profit projection. Thanks to Wachovia, Wells said it expects to report a $3 billion profit for the quarter ended March 31.
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Business Wire (Free subscription) | 04/06/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms six classes from the following Federal Family Education Loan Program (FFELP) student loan asset-backed notes issued by Wachovia Corp. as follows:
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Financial24 (Free subscription) | 03/31/2009
Citigroup Inc (C:NYSE). and Wachovia Corp., the bank purchased by Wells Fargo & Co., reached an agreement with California regulators under which their brokerage units will return $4.7 billion to
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Market Watch (Free subscription) | 03/24/2009
BOSTON (MarketWatch) -- A federal judge has sent Citigroup Inc.'s lawsuit against Wells Fargo & Co. over the acquisition of Wachovia Corp. back to New York state court, Reuters reported Tuesday. The judge sided with Citi's argument that the lawsuit does not raise a federal claim, according to the report. Citi had filed a complaint against Wachovia and Wells Fargo seeking more than $60 billion...
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Market Watch (Free subscription) | 03/06/2009
NEW YORK (MarketWatch) -- Wells Fargo and Co. shares rose about 8% and helped lift the broader banking and financial sectors after it said its business has been strong in the first two months of the year, and it expects its integration of Wachovia Corp to cost less than previously expected. Wells also cuts its dividend 85% in a move it said would help it strengthen capital levels and speed its payoff...
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The Huffington Post (Free subscription) | 02/21/2009
Morgan Stanley's brokerage joint venture with Citigroup Inc will pay brokers as much as $3 billion to stay on, while Wells Fargo & Co will not offer retention payouts to brokers from the former Wachovia Corp. Retention bonuses are often paid to keep brokers from defecting after a company is bought. Financial companies, however, are facing strong criticism from Congress and regulators to limit pay...
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Calculated Risk (Free subscription) | 02/06/2009
From Bloomberg: Wells Fargo May Cut Loans for Some Wachovia Customers Wells Fargo ... offered to cut mortgage balances for some Wachovia Corp. customers by 20 percent ... Wells Fargo mailed letters to those borrowers, asking for proof of current income and a 2007 income-tax statement, bank spokeswoman Debora Blume said today in an e-mail. ... “We are encouraged by the response we are getting...
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The Earth Times Online Newspaper (Free subscription) | 09/19/2008
NEW YORK (Reuters) - Morgan Stanley's talks with Wachovia Corp , China Investment Corp and other institutions continue, though the rebound in its stock and debt prices gives the investment bank more time to consider its options, a person familiar with the matter said Friday.
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Raw Story (Free subscription) | 09/19/2008
Morgan Stanley and Wachovia Corp. are in “advanced talks” over a possible merger, according to CNBC. The news follows reports late Wednesday from The New York Times and The Wall Street Journal that the two were considering a deal. The newspapers cited individuals briefed on the matter.
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Indian Express (Free subscription) | 09/19/2008
Morgan Stanley, which saw its stock pummelled on worries it may not survive the credit crunch as a broker-dealer, is considering merging with Wachovia Corp, or another commercial bank, according to reports.
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