WASHINGTON — Jobs are vanishing at the fastest pace in more than five years with pink slips likely to keep stacking higher in the months ahead, ...
AP | SARA LEPRO | Posted 11.03.2008 | Business
NEW YORK — A battle broke out Friday for control of Wachovia, as Wells Fargo agreed to pay $14.8 billion for the struggling bank, while Citigrou...
Huffington Post | Posted 10.31.2008 | Business
Jim Cramer apologized Monday on "Mad Money" for recommending that his viewers buy Wachovia stock just two weeks ago, a recommendation he acknowledged ...
New York Times | Posted 10.30.2008 | Business
Citigroup has agreed to buy Wachovia's banking operations for $1 a share, a move that that would concentrate power within the nation's banking industr...
NY Times | Posted 10.27.2008 | Business
Updated: Wachovia has begun preliminary talks with Citigroup about a potential merger, people briefed on the matter said Friday afternoon. Feelers ha...
BusinessWeek | Emily Thornton | Posted 10.19.2008 | Business
With financials taking the biggest hits in the Wall Street crisis, Morgan Stanley CEO John Mack has sprung into action, reports BusinessWeek: As Morg...
Reuters | Posted 10.18.2008 | Business
Morgan Stanley (MS.N), which saw its stock pummeled Wednesday on worries it may not survive the credit crunch, has held preliminary takeover talks wi...
CNBC | Posted 10.16.2008 | Business
Jim Cramer, host of CNBC's "Mad Money," asked Wachovia CEO Robert Steel about the various crises in the U.S. economy and the Federal Reserve's respons...
Wall Street Journal | James R. Hagerty and Jonathan Karp | Posted 09.13.2008 | Business
The steep losses on sales of foreclosed homes are painful for banks and investors in the short run but should help clear the backlog. That would allow...
ClusterStock | Henry Blodget | Posted 08.06.2008 | Business
Wachovia's incoming CEO, Bob Steel, made a smart PR move a couple of weeks ago: He reached into his (deep) pocket and bought $16 million of Wachovia s...
AP | IEVA M. AUGSTUMS | Posted 07.30.2008 | Business
CHARLOTTE, N.C. — Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big ...
Huffington Post | Posted 07.24.2008 | Business
How could this not have been the next link in the chain? The mortgage crisis that became a credit crisis appears to now be a banking crisis, and inv...
Blogging Stocks | Zac Bissonnette | Posted 07.10.2008 | Business
In a rare indication that there may be some reasonably intelligent executives running things at America's top banks, Wachovia Corp. (NYSE: WB) has dec...
AP | IEVA M. AUGSTUMS | Posted 06.10.2008 | Business
CHARLOTTE, N.C. — Less than a month after losing his chairman post, and more than two years after an ill-timed acquisition of California mortgag...
CNNMoney | Posted 05.04.2008 | Business
Wachovia Corp. is being investigated by Federal prosecutors as part of a probe into alleged drug money laundering by Mexican and Colombian money-trans...
AP | Alan Zibel | Posted 05.03.2008 | Business
WASHINGTON (AP) -- Wachovia Corp. has agreed to pay an estimated $144 million to settle federal allegations that it failed to block telemarketers who ...
AP | IEVA M. AUGSTUMS | Posted 04.22.2008 | Business
CHARLOTTE, N.C. — Wachovia Corp. is getting a lesson in "timing is everything." The nation's fourth-largest bank reported a $393 million first ...
Columbia Journalism Review | Dean Starkman | Posted 03.28.2008 | Media
One of the paradoxes of the business press is that while everyone should read it, since we all live in the economy, not everyone does. In fact, most p...
Motley Fool | Tim Hanson | Posted 03.28.2008 | Business
Six -- count 'em, six -- major financial firms now declare that the United States is in recession. That list includes heavyweights such as Goldman S...
Fortune's Stanley Bing | Posted 03.28.2008 | Business
It seems impossible to describe the current business environment without using the word "headwinds".
New York Times | Charles Duhigg | Posted 03.28.2008 | Business
Last spring, Wachovia bank was accused in a lawsuit of allowing fraudulent telemarketers to use the bank's accounts to steal millions of dollars from ...
AP | IEVA M. AUGSTUMS | Posted 03.28.2008 | Business
CHARLOTTE, N.C. — The credit crisis all but wiped out fourth-quarter earnings at Bank of America Corp. and Wachovia Corp., but the banks did mak...
New York Times | JENNY ANDERSON, LANDON THOMAS, Jr. | Posted 03.28.2008 | Business
Facing billions of dollars in losses from the subprime mortgage crisis, Merrill Lynch chairman and chief executive, E. Stanley O'Neal, floated the ide...
AP | JEANNINE AVERSA | Posted 11.03.2008 | Home