When Wachovia Bank was subsumed by Wells Fargo in the aftermath of the financial crisis, the latter became the holders of Gillett's debt.
He was indicted by the feds for convincing a Wachovia Bank employee to create a fake bank statement to use as supporting documentation for a small, unsuspecting bank in Georgia.
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So, you know, has - if you told people a year ago that we were not going to have as independent firms anymore, Bear Stearns, Lehman Brothers, Fannie Mae, Freddie Mac, and the list goes on and on, Wachovia bank, nobody would ever believe that.
According to the Charlotte Observer, Wachovia, Bank of America's perpetual rival, hopes to build an office-condominium-arts facility.
This is the result of Wells Fargo-Wachovia, Bank of America- Merrill Lynch, J.
The banks involved are Wachovia, Bank of America, PNC Bank of Pittsburgh and Commerce Bank of Cherry Hill, New Jersey.
California's real estate crisis is weighing on banks with a big lending presence there, including Wachovia, Bank of America (nyse: BAC - news - people ), Citi and Wells Fargo.
Wells Fargo (busy digesting Wachovia) and Bank of America (which has been choking on Merrill Lynch and Countrywide) will hope to be in the second wave of repayers, perhaps towards the end of this year.
After selling Republic Security Bank to Wachovia a decade ago, Schupp pulled 1st United Bancorp together in 2008.
Its beleaguered boss, Stan O'Neal, is reported to have suggested a merger to his counterpart at Wachovia, a commercial bank.
As The Economist went to press, Wachovia, an American bank, and Citic of China were among the names in the frame.
Using various aliases, he then went to Citibank and Wachovia and asked that bank officers affix medallions guaranteeing his signature on three separate transfer documents.
So, what you saw then was an effective on the bank of Washington Mutual, and an effective on the bank at Wachovia, and NatCity and some others.
After Wells acquired Wachovia in 2008, it retained its own systems in lending and community banking for the combined bank but took the Wachovia brokerage system.
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Both of the planes were purchased through a Mexican exchange house called Casa de Cambio Puebla, and that's turning into a problem for Wachovia, the fourth biggest bank in the United States, and Harris Bank, the Chicago unit of Canada's BMO Financial Group.
Michael Mayo, until recently the top banking analyst for Credit Suisse First Boston, thinks that leveraged lending has been responsible for the recent increase in bad or problematic loans at a raft of American banks, including Bank of America, FleetBoston Financial, Bank One and Wachovia.
It's tough trying to grab business from much bigger rivals in Florida like SunTrust, Bank of America and Wachovia.
Lehman Brothers, Bear Stearns, Morgan Stanley, Bank of America and Wachovia have also taken write-downs, though their measures were not as drastic.
Bank of America, Wachovia, WAMU, were merely the victims of the crash caused by misguided government policies caused the entire meltdown.
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Wachovia hired at least one person from Union Bank after Union Bank exited the exchange house business who had a significant role with the casas at Union Bank.
Steel, who at the time he was hired said "most areas of the company continue to perform well" may well be cleaning up Wachovia's balance sheet to prepare the bank for a sale.
Indeed when Wachovia, America's fourth-largest commercial bank by assets, was rescued this week, the FDIC created a structure that protected all deposits.
So Wachovia is largely a domestic U.S. bank--a bad business these days and one that Steel knows only via his two-year tenure at the Treasury.
Combinations like those of Wells Fargo and Wachovia, Lloyds TSB and HBOS, Commerzbank and Dresdner Bank have bloated the biggest institutions, not slimmed them.
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Now, Wachovia, the fourth-largest U.S. bank, is seen as a target.
Even though the Treasury Secretary had requested Goldman chairman Blankfein to perform a public service by absorbing the broken bank, the antagonized Goldman chairman told the Wachovia executive to get thee to a nunnery.
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