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Wells Fargo chairman to oversee Wachovia deal

Oct. 4, 2008
Wells Fargo & Co. Chairman Dick Kovacevich, who planned to retire at the end of the year, will help manage the San Francisco bank's proposed $15.1 billion takeover of Wachovia Corp. - assuming he has his wife's permission. "I have asked Dick to stay on and...
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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.
Opposition weakens to Wachovia sale

Opposition weakens to Wachovia sale

CHARLOTTE, N.C., Dec. 18 (UPI) -- Many Wachovia Corp. shareholders have given up the fight to keep the U.S. bank independent, analysts say.
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.

GMAC seeks bank holding company status

NEW YORK, Nov. 20 (UPI) -- GMAC Financial Services said Thursday it had applied to the U.S. Federal Reserve for bank holding company status, a step toward securing federal aid.
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.

Waxman seeks banks' compensation data

WASHINGTON, Oct. 28 (UPI) -- A U.S. House committee has opened an investigation into how banks on the brink of collapse manage to pay their executives huge bonuses.
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.

Wachovia talked early with Warren Buffett

CHARLOTTE, N.C., Oct. 16 (UPI) -- Wachovia Corp. top executives discussed a $5 billion deal with U.S. billionaire investor Warren Buffet in September, an unnamed source said.

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.
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.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
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Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler