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Wachovia Corp.

A collection of news and information related to Wachovia Corp. published by this site and its partners.

Top Wachovia Corp. Articles

Displaying items 12-22
  • 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...
  • U.S. sues BofA over mortgage-backed securities

    In twin securities-fraud lawsuits against Bank of America Corp., the federal government is accusing the nation's second-largest lender of lying to investors about supposedly prime loans that more closely resembled subprime "liar loans." The civil suits,...
  • 5 years after financial crash, many losers — and some big winners

    Never let a crisis go to waste, says an old rule of politics. For some major players in the economy, the financial crisis that began five years ago this month with Lehman Bros.' collapse turned out to be as much an opportunity as a calamity....
  • Maverick investor faces legal pressure

    Maverick investor faces legal pressure
    Two decades ago, he was one of three young traders who made $27 million in 22 days trading the stock of a bankrupt company on the Chicago Stock Exchange, becoming known as one of "the bad boys of arbitrage." Assessing that deal, a federal appeals...
  • 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....
  • Consumer advocates fear that more traditional banks will be offering payday loans

    Consumer advocates fear that more traditional banks will be offering payday loans
    If you are offered a short-term advance on your paycheck at a triple-digit interest rate, you might think you're being pitched a payday loan — a product that's basically banned in Maryland and other states with rate caps. But what if that deal came...
  • Wells Fargo agrees to pay restitution to mortgage borrowers

    Under an agreement announced Thursday by the Maryland Attorney General's Office, Wells Fargo has agreed to make loan modifications and pay nearly $1 million in restitution to customers of two lenders acquired by the bank. The office's Consumer Protection...
  • Central Florida's Top Employers 2011: Wells Fargo & Co.

    Wells Fargo & Co. is one of the largest banking companies in the United States and the third largest bank in Central Florida by deposits. As of June 2011, it had deposits of nearly $8.8 billion at 100 branches in the region. The publicly-held company...
  • Earthquake causes Baltimore traffic congestion, transit delays

    Commuters experienced delays on roads, bridges and transit systems around the state as Marylanders felt the effect of a 5.8-magnitude earthquake in Virginia Tuesday, but most of the disruptions were clearing up by late afternoon. Jack Cahalan, a...
  • Man who robbed 2 Baltimore banks sentenced

    BALTIMORE (AP) — Federal prosecutors say a man who robbed two Baltimore banks with what he claimed to be were bombs has been sentenced to 14 years in prison. Thirty-year-old Nathaniel Green of Baltimore was also ordered at sentencing on Tuesday to...
  • Wells Fargo moves into a city it helped devastate

    Wells Fargo moves into a city it helped devastate
    This weekend you may notice former Wachovia branches around Baltimore getting a makeover, swapping out their old logos for brand new Wells Fargo signs. While Wells Fargo has been busy promoting the new and improved services customers will receive,...