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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]
A daily look at legal news and the business of law: Wachovia Admits Violations, Will Pay $160 Million Wachovia, now a subdivision of Wells Fargo (WFC), had a relationship with a Mexican "casas di ...
Oct. 9, 2008: Frozen credit markets and the failure of Citi's effort to buy Wachovia prompt a sell-off on the one-year anniversary of the market's peak. The Dow closes at 8,579.19, down 7.3%. The ...
In contrast, in the five years prior to 2008, only 10 banks failed. [2] [3] At the end of 2022, the US banking industry had a total of about $620 billion in unrealized losses as a result of investments weakened by rising interest rates. [4] A bank failure is the closing of a bank by a federal or state banking regulatory agency. The FDIC is ...
This is a list of notable financial institutions worldwide that were severely affected by the Great Recession centered in 2007–2009. The list includes banks (including savings and loan associations, commercial banks and investment banks), building societies and insurance companies that were:
Failed banks. Date closed. Community Bank of the Ozarks, Sunrise Beach, Mo. 12/14/2012. Hometown Community Bank, Braselton, Ga. 11/16/2012. Citizens First National ...
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.
Wells Fargo has announced which Wachovia bank branches will be changed over to its own name this year as it continues to fold the former bank giant into its own brand. In a Wells Fargo-Wachovia ...