(Reuters) - The Wachovia Bank unit of Wells Fargo & Co <WFC.N> is in talks with the U.S. Justice Department to settle complaints relating to the alleged failure in bank controls that enabled Mexican exchange houses to launder drug money, the Wall ...
(Reuters) - Wachovia Bank is in talks with the U.S. Justice Department to settle complaints relating to the alleged failure in bank controls that enabled Mexican exchange houses to launder drug money, the Wall Street Journal said, citing people familiar with the ...
<div id="subtitle">Wells Fargo CEO says views government investment in his bank as tonic for ailing economy</div><div><p>Wells Fargo & Co. Chairman Richard Kovacevich may not have initially wanted the U.S. government's $25 billion investment in his bank, but he dropped his resistance after ...
<div><p>Troubled US bank Wachovia on Wednesday posted a third-quarter net loss of 23.89 billion dollars, taking steep write-downs linked to its takeover by rival Wells Fargo.</p><p>The net loss included a pre-tax goodwill loss of 18.8 billion dollars that reflects declining market value ...
<div><p>Troubled US bank Wachovia on Wednesday posted a third-quarter net loss of 23.89 billion dollars, taking steep write-downs linked to its takeover by rival Wells Fargo.</p><p>The net loss included a pre-tax goodwill loss of 18.8 billion dollars that reflects declining market value ...
<div><p>Wall Street <a href="http://www.guardian.co.uk/business/marketforceslive/2008/oct/22/boeing-bskyb">did indeed open around 200 points lower</a>, but it did not stay there long. The decline accelerated as fears of recession took hold of investors. Boeing's third quarter fall in net income saw ...
<div id="subtitle">Wachovia reports $24B loss for 3rd quarter as it writes down assets ahead of Wells Fargo deal</div><div><p>How could a $24 billion loss possibly be good news? When it comes from Wachovia as an effort to primp itself for its acquisition by ...
<div><p>Stricken US bank Wachovia has reported a huge quarterly loss of almost $24bn (&#163;14.7bn) in advance of its rescue by rival Wells Fargo.</p><p>The $23.9bn loss for the three months to the end of September &#8211; which compares with earnings of ...
<div><p>The stricken US bank Wachovia reported yesterday the biggest quarterly loss of any bank since the onset of the credit crunch.</p><p>The $24bn (&pound;14.7bn) of losses amount to more than the total price being paid for the North Carolina lender by its rival ...
<div><p><p>Wachovia Corp. will end its run as a 129-year-old independent bank by posting the largest quarterly loss ever for a U.S. retail bank -- a staggering $24 billion.</p> <p>The previous largest quarterly loss by a bank was $9.8 billion by Citigroup Inc. ...
