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Wells gets green light for Wachovia

Oct. 9, 2008
Wells Fargo & Co. is proceeding with plans to acquire Wachovia Corp. for $11.7 billion, a deal that promises to transform the San Francisco institution into one of the nation's largest retail banks, after spurned suitor Citigroup Inc. said it wouldn't pursue...
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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.

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.

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.
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.

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.

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 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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Markets move into positive territory ... Finance leaders meet in Luxembourg ... Wachovia and suitors agree to talk ... Appliance tycoon named China's wealthiest ... News from United Press International.
Wachovia and suitors agree to talk

Wachovia and suitors agree to talk

WASHINGTON, Oct. 7 (UPI) -- Two companies pursuing North Carolina's struggling Wachovia Corp. agreed to try to settle the deal out of court, the companies said.
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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