Whatever happened to Wachovia? | News
News
INDY Week's news blog

Archives | RSS

Monday, September 29, 2008

Whatever happened to Wachovia?

Posted by on Mon, Sep 29, 2008 at 2:54 PM

Bloomberg explains what happened overnight.

Excepts:

Wachovia will be left with its retail brokerage and Evergreen asset management units. The brokerage has about 14,600 financial advisers and more than $1 trillion under management, making it third in the U.S. behind Merrill Lynch & Co. and Citigroup's Smith Barney unit.

and:

The transaction is likely to hurt Charlotte, where Wachovia is the largest private employer with about 20,000 workers, said Michael Nix, portfolio manager at Greenwood Capital Associates LLC in Greenwood, South Carolina. The bank said today in a statement that the corporate headquarters will stay in Charlotte.

Tags:

Pin It

Comments

Subscribe to this thread:

Add a comment

INDY Week publishes all kinds of comments, but we don't publish everything.

  • Comments that are not contributing to the conversation will be removed.
  • Comments that include ad hominem attacks will also be removed.
  • Please do not copy and paste the full text of a press release.

Permitted HTML:
  • To create paragraphs in your comment, type <p> at the start of a paragraph and </p> at the end of each paragraph.
  • To create bold text, type <b>bolded text</b> (please note the closing tag, </b>).
  • To create italicized text, type <i>italicized text</i> (please note the closing tag, </i>).
  • Proper web addresses will automatically become links.

Latest in News



Twitter Activity

Comments

Police murdered MR. CLARK and got away with it. IT WON'T STOP UNTIL ALL DIRTY COPS ARE BROUGHT TO JUSTICE!!!!!!!!!!!!!!!!!!!!

by William Parker on Durham Police Fatally Shoot Man At New Hope Commons Shopping Center (News)

In the Montessori School of Raleigh Defendants' Answer and Affirmative Defenses to the 18 CVS 000702 case in Superior Court …

by Sam Harrison on Breaking: Nancy Errichetti, Head of the Montessori School of Raleigh, Arrested for Allegedly Aiding and Abetting Sexual Abuse (News)

Most Recent Comments

Police murdered MR. CLARK and got away with it. IT WON'T STOP UNTIL ALL DIRTY COPS ARE BROUGHT TO JUSTICE!!!!!!!!!!!!!!!!!!!!

by William Parker on Durham Police Fatally Shoot Man At New Hope Commons Shopping Center (News)

In the Montessori School of Raleigh Defendants' Answer and Affirmative Defenses to the 18 CVS 000702 case in Superior Court …

by Sam Harrison on Breaking: Nancy Errichetti, Head of the Montessori School of Raleigh, Arrested for Allegedly Aiding and Abetting Sexual Abuse (News)

Ingrid - the facts are coming out, you're right. But they don't support your assertions, sorry to say. Too many …

by ToWhomItMayConcern on Montessori School of Raleigh Directress Says She Was Fired for Talking to the Cops About Sexual Abuse at the School (News)

I just read this salacious thread for the first time and unfortunately found it to be overflowing with misleading information …

by Ingrid Flutter on Montessori School of Raleigh Directress Says She Was Fired for Talking to the Cops About Sexual Abuse at the School (News)

Trigger-happy Durham cops strike again.

by ruby on Durham Police Fatally Shoot Man At New Hope Commons Shopping Center (News)

© 2018 Indy Week • 320 E. Chapel Hill St., Suite 200, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation