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Wachovia Corp.

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Top Wachovia Corp. Articles see all

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  • Nuveen to be bought by TIAA-CREF in $6.25 billion deal

    Nuveen to be bought by TIAA-CREF in $6.25 billion deal
    TIAA-CREF plans to buy Chicago-based Nuveen Investments for $6.25 billion, a deal that gives local private equity firm Madison Dearborn Partners the chance to at least break even on a transaction it made in 2007 at the height of the buyout boom.
  • Wells ignited first-quarter brokerage profit with managed account sales

    NEW YORK (Reuters) - Strong sales of fee-based managed investment accounts by Wells Fargo & Co. brokers fueled a 41 percent jump in net income in the bank's "Wealth, Brokerage and Retirement" unit during the first quarter. The fourth-largest U.S. bank...

    Wells Advisors names Vorlop to products post; vows tech advances

    NEW YORK (Reuters) - Mary Mack, the new retail brokerage boss at Wells Fargo Advisors, has elevated Bob Vorlop to head of products and advice for the firm's more than 11,000 brokers as she fills out her management team. The position is a new one, created...

    Wells Fargo's pressure-cooker sales culture comes at a cost

    Wells Fargo branch manager Rita Murillo came to dread the phone calls. Regional bosses required hourly conferences on her Florida branch's progress toward daily quotas for opening accounts and selling customers extras such as overdraft protection....

    JPMorgan posts first loss under Dimon

    JPMorgan posts first loss under Dimon
    NEW YORK — The financial crisis has finally caught up with Jamie Dimon. As leader of JPMorgan Chase & Co., he steered the nation's largest bank through the Wall Street collapse of 2008. At the prodding of panicked U.S. regulators, the mighty New...