Latest Wachovia Securities Stories

2009-10-06 06:00:00

NexJ(R) Contact for Finance delivers integrated CRM functionality within Wells Fargo Advisors' existing advisor platform TORONTO, Oct. 6 /PRNewswire/ - NexJ Systems Inc., a leading provider of customer-centric enterprise solutions for the financial services and insurance industries, today announced that Wells Fargo Advisors (formerly Wachovia Securities), a non-bank affiliate of Wells Fargo & Company, has gone live with NexJ Contact for Finance, serving over 20,000 users. NexJ...

2009-06-16 14:03:00

GLENVIEW, Ill., June 16 /PRNewswire-FirstCall/ -- Illinois Tool Works Inc. (NYSE: ITW) today announced plans to webcast its presentation at the upcoming Wachovia Securities 19th Annual Mid-Year Equity Conference in Boston. ITW's presentation will take place June 24 from 11:15 am to 11:40 am ET. The URL for the presentation is: http://www.wsw.com/webcast/wa55/itw The presentation will be delivered by David Speer, chairman and chief executive officer. With $15.9 billion in revenues, ITW...

2009-06-16 07:00:00

ARLINGTON, Va., June 16 /PRNewswire-FirstCall/ -- Stanley, Inc. (NYSE: SXE), a leading provider of systems integration and professional services to the U.S. federal government, today announced its participation at the Wachovia Securities 19th Annual Mid-Year Equity Conference in Boston, Mass. The company will present on Wednesday, June 24, 2009, at 10:45 a.m. EDT. (Logo: http://www.newscom.com/cgi-bin/prnh/20040106/DCTU010LOGO ) The company's presentation will be webcast and may be heard...

2009-04-09 09:30:00

U.S. bank Wells Fargo & Co. said Thursday it expected to post a record first quarter profit of $3 billion, due in part to its purchase of Wachovia Corp. The news release puts Wells Fargo in the same company as Citigroup Inc., which projected a strong first quarter earlier this year. In a statement, Wells Fargo Chief Executive Officer John Strumpf said our business momentum is strong and we expect our operating margins to remain at the top of our peer group. The bank expects first quarter...

2009-03-25 19:31:07

Wells Fargo & Co. has gone to the Wachovia well again for executives to beef up the management of its investment banking and capital markets group. The Charlotte (N.C.) Observer reported Wednesday that Wachovia executives have landed a majority of the dozen open posts in the San Francisco banking company's investment banking unit. Wells Fargo, which bought Wachovia, a Charlotte financial services company, in December, gave just two of the slots to its own executives, the newspaper said....

2009-03-05 19:35:00

Wells Fargo & Co. has begun eliminating jobs in Charlotte, N.C., as it proceeds with its takeover of Wachovia Corp., company workers said. Wells Fargo, based in San Francisco, acquired Wachovia last year and has been putting management employees in place to run the new entity. As positions are filled, Wachovia workers in Charlotte are learning they have no place in the organization, The Charlotte Observer reported Thursday. Wells Fargo spokeswoman Mary Eshet told the newspaper personnel...

2009-01-01 12:26:05

San Francisco bank Wells Fargo & Co. said it had closed on its purchase of Wachovia Corp., making it the fourth-largest U.S. bank measured by assets. The $12.7 billion purchase creates a bank with 11,000 outlets and 12,260 automated teller machines, the Charlotte (N.C..) Observer reported Thursday. In 18 states, Wells will be the largest bank in deposit market share, the Observer said. Wachovia shareholders approved of the deal in December, after Wells outbid Citigroup Inc., which had...

2008-12-10 15:00:13

Wells Fargo Chief Executive Officer John Stumpf said he had no regrets concerning the company's purchase of North Carolina's Wachovia Corp. I like this deal better than when we announced it, said Stumpf after touring Wachovia offices. Wachovia's shareholders vote on the takeover Dec. 23, but the vote is practically a shoe-in with Wells holding 40 percent of Wachovia's shares, the Charlotte, N.C. Observer reported Wednesday. Wells expects the deal will close by the end of the year, the...

2008-10-13 09:15:00

The Associated Press WASHINGTON The Federal Reserve on Sunday approved Wells Fargo's $11.7 billion acquisition of North Carolina-based Wachovia, removing the deal's last major regulatory hurdle. The Fed's move comes after federal antitrust regulators also moved swiftly to back San Francisco-based Wells Fargo's deal to buy the Charlotte, N.C.-based bank, approving it on Friday. Citigroup Inc. on Thursday walked away from its own efforts to buy Wachovia - which was hit by a $5 billion run...

2008-10-10 18:00:11

By Sara Lepro NEW YORK - Citigroup backed out of negotiations with federal regulators and Wells Fargo on Thursday in its battle for Wachovia Corp., but vowed to have its day in court. Citigroup said it remains willing to complete its original deal with the Charlotte, N.C.-based bank. But while it seeks damages for breach of contract, it has decided not to challenge the Wells Fargo- Wachovia deal in court. That stance paves the way for Wells Fargo to close its $11.7 billion stock deal....

Word of the Day
  • A Roman unit of weight, 1⁄1728 of a pound.
  • A weight of four grains used in weighing gold and precious stones; a carat.
  • In anatomy, a formation suggesting a husk or pod.
  • The lowest unit in the Roman coinage, the twenty-fourth part of a solidus.
  • A coin of base silver of the Gothic and Lombard kings of Italy.
'Siliqua' comes from a Latin word meaning 'a pod.'