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Exposed to risky loans, such as adjustable rate mortgages acquired during the acquisition of Golden West Financial in 2006, Wachovia began to experience heavy losses in its loan portfolios during the subprime mortgage crisis.
The integration of Wachovia and Wells Fargo is complete, and all Wachovia accounts have been moved to Wells Fargo. Need help? If you are a customer and want to access your accounts online, please go to wellsfargo.com. If you have questions, please call us at 1-800-TO-WELLS (1-800-869-3557).
19 lut 2009 · I understand that Wachovia had a bunch of bad loans. But even if they had $500 BB of bad loans, if Wells only paid $12 BB for them, how does Wells lose more than $12 BB?
28 wrz 2010 · Wachovia, after reporting a $9bn second-quarter loss on risky residential and commercial real estate loans, was near collapse.
Its services included checking and savings, mortgage lending, consumer loans, and credit cards. Wachovia's Corporate Financial Services division provided commercial lending, leasing and leveraged finance, treasury consulting, payments and information services, investment banking, debt and equity capital markets services, executive services ...
1 wrz 2010 · On September 29, 2008, Citigroup proposed to acquire most of Wachovia's assets and liabilities, including Wachovia Bank, and assume senior and subordinated Wachovia debt, in exchange for approximately $2.1 billion in Citigroup stock.
10 paź 2008 · A deal with Wachovia would elevate Wells Fargo to a prime position in the American banking industry, with the largest nationwide deposit and branch franchise in the country.
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