Wachovia President and CEO Bob Steel spoke publicly for the first time Thursday morning regarding his company’s merger with Wells Fargo. Steel addressed around 800 attendees of the Power Breakfast 2 at the Charlotte Convention Center, an event sponsored by the Charlotte Business Journal. Before today, Steel has only spoken about the merger with Wachovia [...]
“Groups and individuals alike will gather in 39 cities across the U.S. on Saturday, November 22, 2008 to protest at all branches of the Federal Reserve Bank. Participating groups are calling for an end to the Federal Reserve banking system by returning to sound money and competing currencies. The better part of the protest [...]
“Irving Ehrenhaus has filed a class-action lawsuit asking N.C. Business Court Judge Albert Diaz to stop the $15 billion acquisition. In the first shareholder suit related to the deal, Ehrenhaus complains the merger announced Oct. 3 is in breach of Wachovia board members’ fiduciary duties, saying the bank will essentially force shareholders to approve the [...]
In case you didn’t catch it, CBS Evening News with Katie Couric was broadcast from Charlotte last Friday, and on Sunday, Charlotte was again featured through an interview with Bank of America CEO Kenneth Lewis, including a walk through parts of uptown. Couric focused on North Carolina’s position as a swing state, and 60 Minutes [...]
“Uptown’s skyline at dusk will be the backdrop for the “CBS Evening News with Katie Couric” on Friday, as the newscast originates from Charlotte in its first stop on a three-city tour of election-year battleground states.
In addition to the presidential race, Couric will focus on the tight U.S. Senate contest between Elizabeth Dole and Kay [...]
“CNN.com chose this city as one of the “Best Places to Live and Launch” in 2008. As a financial powerhouse with Bank of America, Wachovia, Lending Tree, State Farm, American Community Bank, Blue Ridge Savings, First National, First Federal Savings, Carolina Trust, Cabarrus Bank, Bank of Stanly, Piedmont Bank, etc., Charlotte resists any financial shock [...]
Wells Fargo & Co. has apparently won the battle for Wachovia Corp.
Citigroup has withdrawn from negotiations brokered by federal regulators that sought a compromise to the competing bids from Wells and Citigroup.
The issue is likely to go to court. But Citigroup says it will no longer seek to block Wells’ proposed $15.1 [...]
Charlotte Mayor Pat McCrory says he has asked bank regulators working on the outcome of a Wachovia Corp. acquisition to consider the local impact such a deal will have.
“As the mayor of Charlotte, the headquarters city for Wachovia, I want to stress the importance of your efforts given the economic impact any resolution regarding Wachovia [...]
“Federal regulators had told Wachovia Corp. the bank would be seized unless it reached a merger agreement with Citigroup Inc. or Wells Fargo & Co. by end of day Friday, Oct. 3, according to a suit filed by Wachovia this weekend in federal court.
The suit seeks to stop Citi from interfering with or slowing the [...]
What’s ↑? NMH. Wachovia totally broke up with Citi through a note this morning, and now her and Wells Fargo are hanging out. Wells Fargo is totally hott. He’s gonna treat her so much better. All her friends like him, and he’s like totally a cowboy, OMG!
Anywayz here are the deets:
Wells Fargo signed a definitive [...]
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