Wachovia

Source: news.yahoo.com --- 1 hour ago
Reuters - Wachovia Corp Chief Executive Ken Thompson told investors on Monday his hard-hit U.S. regional bank was cutting back corporate and investment bank jobs to reduce costs. ...

Source: dealbook.blogs.nytimes.com --- 1 day ago
Wachovia, the nation’s fourth-largest bank, said on Monday that it had received inquiries and subpoenas from federal and state regulators related to its auction rate securities, including the failure of the auctions. Wachovia said in the filing that it was cooperating with inquiries into underwriting and sales of the securities that had been started by the [...] ...

Source: www.reuters.com --- 1 day ago
NEW YORK (Reuters) - Wachovia Corp Chief Executive Kennedy Lewis on Monday told investors his hard-hit U.S. regional bank was cutting back corporate and investment bank jobs to reduce costs amid the ongoing market slump. ...

Source: www.foxnews.com --- 1 day ago
Wachovia Gets Subpoenas From DoJ, SEC ...

Source: online.wsj.com --- 1 day ago
Regulators, including the SEC, are looking into Wachovia's underwriting, sale and auctions of auction-rate securities, which have experienced problems of late. ...

Source: sacramento.bizjournals.com --- 14 hours ago
Wachovia Securities has received subpoenas and inquiries from the Securities and Exchange Commission and regulators in several states requesting information on auction-rate securities, according to a Wachovia Corp. filing with the SEC. (WB) ...

Source: stlouis.bizjournals.com --- 14 hours ago
Wachovia Corp. Chief Executive Ken Thompson said during an investor conference Monday morning that the company plans to hire a third-party firm to review its internal controls and risk-management processes. (WB) ...

Source: prweb.com --- 5 hours ago
resort community in Manzanillo Mexico offers loans from leading American bank (PRWeb May 12, 2008) Read the full story at http://www.prweb.com/releases/2008/05/prweb932564.htm ...

Source: birmingham.bizjournals.com --- 15 hours ago
Wachovia Corp. has hired a new general counsel. Jane Sherburne, currently general counsel for Citigroup's global consumer group, will assume the new role this summer. (WB) ...

Source: kansascity.bizjournals.com --- 2 hours ago
NovaStar Financial Inc. has repaid all outstanding debt it owed to Wachovia Bank. ...

Source: philadelphia.bizjournals.com --- 14 hours ago
Wachovia Corp. plans to hire a third-party firm to review its internal controls and risk-management processes, CEO Ken Thompson said during an investor conference Monday. (WB) ...

Source: www.kansascity.com --- 4 hours ago
NovaStar Financial Inc. reported today that it had ended its short-term borrowing agreements with Wachovia Bank, paying off $4.4 million in outstanding loans and interest and $60,000 in expenses. ...

Source: www.charlotte.com --- 15 hours ago
Under fire for a spate of regulatory and financial missteps, Wachovia Corp. on Monday said it will hire an outside party to analyze its internal controls and risk management practices. Chief executive Ken Thompson, in his first public remarks since losing his chairman post last week, also touted the Charlotte bank's strengths, saying a recent string of bad news should not give the perception of a "company in crisis." "I want to assure you that is not the situation at all," Thompson said at a financial services investor conference in New York, adding that he is "100 percent committed" to addressing the company's problems. Thompson said Wachovia's retail bank and other healthy units will help it through a downturn in the housing market that is spurring rising loan losses and big mortgage-related writedowns. The bank also is pursuing "detailed strategies" to "remediate" problems in its corporate and investment bank, as well as its mortgage unit, he said. This has included job cuts in both areas. Wachovia has had a miserable few weeks, marked by a larger-than-anticipated first-quarter loss, an expected second-quarter charge from controversial leasing tax shelters and a settlement with federal regulators over ties to telemarketers. Personally, Thompson has faced calls from shareholders to resign and lost his chairman title to Lanty Smith, the bank's lead independent director. Thompson acknowledged that some of the bank's problems were ...

Source: www.earthtimes.org --- 1 day ago
By Joseph A. Giannone ...

Source: www.earthtimes.org --- 1 day ago
NEW YORK (Reuters) - Wachovia Corp Chief Executive Ken Thompson told investors on Monday his hard-hit U.S. regional bank was cutting back corporate and investment bank jobs to reduce costs. ...

Source: www.streetinsider.com --- 8 hours ago
Visit StreetInsider.com at http://www.streetinsider.com/Downgrades/Wachovia+Downgrades+LHC+Group+%28LHCG%29+to+Market+Perform/3640712.html for the full story. ...

Source: www.streetinsider.com --- 3 hours ago
Visit StreetInsider.com at http://www.streetinsider.com/Downgrades/Wachovia+Cuts+Rating+On+DRS+Tech+%28DRS%29+to+Market+Perform+After+Buyout/3642960.html for the full story. ...

Source: www.charleston.net --- 10 hours ago
CHARLOTTE — Wachovia Corp., the nation's fourth- largest bank, said Monday that its securities unit and affiliates have received inquiries and subpoenas from federal and state regulators over auction-rate securities. The bank also trimmed a write-down related to an insurance portfoli... ...

Source: www.hedgeworld.com --- 6 hours ago
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Source: citizen-times.com --- 1 day ago
CHARLOTTE -- Wachovia Corp., the nation's fourth-largest bank, said today its securities unit and affiliates have received inquiries and subpoenas from federal and state regulators over auction-rate securities. ...