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Judge blocks Wells Fargo from acquiring Wachovia

Oct. 5, 2008
A New York judge has temporarily blocked Wells Fargo from acquiring Wachovia. Citigroup says in a news release that state Supreme Court Justice Charles Ramos issued the order late Saturday. Citigroup has accused Wells Fargo of maneuvering to cut off its bid...
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Wells Fargo completes Wachovia Corp. deal

SAN FRANCISCO, Jan. 1 (UPI) -- San Francisco bank Wells Fargo & Co. said it had closed on its purchase of Wachovia Corp., making it the fourth-largest U.S. bank measured by assets.
Judge rejects Wachovia lawsuit

Judge rejects Wachovia lawsuit

CHARLOTTE, N.C., Dec. 6 (UPI) -- A North Carolina judge has rejected a lawsuit filed by a Wachovia shareholder seeking to block the bank's sale to Wells Fargo.

Man gets 45 years in neck bomb death

ERIE, Pa., Dec. 3 (UPI) -- A Pennsylvania man has been sentenced to 45 years in prison for his role in the death of a man who robbed a bank with a bomb strapped to his neck.

Wachovia execs due hefty severance pay

CHARLOTTE, N.C., Nov. 25 (UPI) -- Ten top executives at North Carolina's Wachovia Corp. could receive nearly $100 million in severance pay if displaced by a Wells Fargo merger, records show.

Lawsuit seeks to block Wachovia deal

CHARLOTTE, N.C., Nov. 23 (UPI) -- Shareholders who oppose Wachovia's purchase have filed a class-action lawsuit to block Wells Fargo's impending purchase of the bank.
State treasurer pans Wachovia deal

State treasurer pans Wachovia deal

RALEIGH, N.C., Nov. 12 (UPI) -- North Carolina Treasurer Richard Moore sounded bitter tones about the Wells Fargo takeover of Wachovia Corp. in a television interview Wednesday.

Wells Fargo raises $11 billion, but ...

SAN FRANCISCO, Nov. 7 (UPI) -- Wells Fargo & Co. issued 407.5 million new shares at discount prices, raising $11 billion in fresh capital to help finance the purchase of Wachovia Corp.

Wells Fargo will downsize Wachovia

SAN FRANCISCO, Nov. 6 (UPI) -- Wells Fargo will downsize several of North Carolina bank Wachovia Corp.'s businesses, Chief Financial Officer Howard Atkins said.
Wachovia posts $24B in 3rd-quarter losses

Wachovia posts $24B in 3rd-quarter losses

CHARLOTTE, N.C., Oct. 22 (UPI) -- Wachovia, soon to be swallowed by Wells Fargo, revealed Wednesday just how deep the red ink is at the North Carolina bank -- $24 billion in the third quarter.

JP Morgan Chase and Wells Fargo defy odds

NEW YORK, Oct. 15 (UPI) -- U.S. financial giants, JP Morgan Chase and Wells Fargo both beat expectations with stronger-than-expected third quarter performances, the companies said.

UPI NewsTrack Business

U.S. markets surge ahead Monday morning ... Fed rushes to approve Wachovia purchase ... Germany to bailout banks with $671 billion ... Morgan Stanley investment to be protected ... News from United Press International.
Fed rushes to approve Wachovia purchase

Fed rushes to approve Wachovia purchase

WASHINGTON, Oct. 13 (UPI) -- The U.S. Federal Reserve Board said Monday it had approved the $12.2 billion purchase of Wachovia Corp. by Wells Fargo & Co.

Wachovia brokers Greek Isles cruise is off

CHARLOTTE, N.C., Oct. 9 (UPI) -- A planned all-expenses-paid Greek Isles cruise for some of Wachovia Securities LLC's top brokers has been called off, the company said Thursday.

Citigroup gives up quest for Wachovia

CHARLOTTE, N.C., Oct. 9 (UPI) -- Citigroup dropped its bid to acquire Wachovia Corp. late Thursday, clearing the way for a merger between the North Carolina bank and Wells Fargo.
Citigroup and Wells Fargo still wrangling

Citigroup and Wells Fargo still wrangling

CHARLOTTE, N.C., Oct. 8 (UPI) -- The tug of war for North Carolina's Wachovia Corp. continued Wednesday with Citigroup seeking backers to support its offer, sources said.
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President Obama awards the Presidential Medal of Freedom in Washington
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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch