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Showing results for Wachovia Bank, National Asociation
...What better way to demonstrate that commitment than with a bit of regulator-aligned benevolent M&A to create a national champion?...
...In high school, his mother forced him to join Saturday meetings sponsored by 100 Black Men, a mentoring group that paired him with a black executive from Wachovia bank and opened his eyes to the possibility...
...This week Wells began broadcasting adverts on national television, saying the bank is “making changes to make things right”. The wider industry has been caught up in the fallout....
...Obviously, as the director of President Barack Obama’s National Economic Council in 2009 and 2010, I am an interested party here....
...He later joined the Minneapolis-based Norwest, which rode a wave of acquisitions – including those of Wells Fargo (whose name it took) in 1998 and Wachovia at the depths of the financial crisis a decade...
...The buyers of the MBS were the Federal Home Loan Bank of San Francisco and Wachovia, since acquired by Wells Fargo. Neither has sued BofA over the MBS in five years since they bought them....
...bank, the latter as chief executive....
...The suit is the biggest filed so far by the National Credit Union Administration, or NCUA, alleging mis-selling by the big banks....
...Bank of Oregon 1984 Vice-president and portfolio manager, US National Bank of Oregon 1989 Senior vice-president and chief fixed income officer, Wells Fargo Private Bank 1994 Group head, Wells Fargo Institutional...
...Other suits against Barclays, Credit Suisse, Goldman Sachs, JPMorgan, Royal Bank of Scotland, UBS and Wachovia are still pending.”...
...acquisition of Wachovia, the financial services company....
...In its August 6 order against the bank, the DFS said: “Motivated by greed, [StanChart] acted for at least 10 years without any regard for the legal, reputational and national security consequences of its...
...Diagonally across from him sits Martin Woods, whose detective work at US bank Wachovia in 2006 eventually helped expose how Mexican drug cartels laundered millions of dollars through the bank’s accounts....
...the sale of troubled banks like Wachovia and Citi, as well as General Electric’s struggling capital unit, dated on September 18, 2008 — the same day as the meeting with Bernanke and Paulson according to...
...Washington Mutual has settled a similar dispute and Wachovia is pursuing an administrative complaint over a deal....
...The bank also increased its provision for loan repurchase losses to $464m from $370m in the third quarter....
...“They’re sitting on two very powerful franchises on both sides of the border,” says Peter Routledge, analyst at National Bank Financial in Toronto....
...After a tense weekend of negotiations, the government had lined up a sale to Citigroup, which agreed to pay $2.16bn in stock and assume $53bn in debt to acquire Wachovia’s retail bank....
...Bank of Scotland, UBS, Wells Fargo Bank/Wachovia, Crédit Agricole and Société Générale....
...Let’s also not forget Washington Mutual and Wachovia, victims of residential mortgage problems, which no longer exist as independent entities....
...Wells, which became a national banking powerhouse with the acquisition of Wachovia in 2008, also saw provisions decline from the previous quarter for the first time in a year....
...Mr Waddell says the bank is shortly to sign a deal to manage a Middle Eastern pension fund – adding to a portfolio that includes management of Australia’s Future Fund pension plan and China’s National Social...
...We have substantially less exposure to credit cards than our peers with large, national credit card portfolios....
...banks have increased normalized earnings 39% this cycle mostly via long-term accretive deals (Wells/Wachovia, PNC/National City, JPMorgan/WaMu)....
...Mr Stumpf stressed that takeover would give the combined group an unrivalled national footprint by marrying Wells’ West Coast strength with Wachovia’s strongholds in the east and southeast of the US....
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