By Joseph Y. Calhoun III : By Jeffrey P. Snider Despite the obvious disinterest from pretty much everyone in the media, I still find tremendous relevance and value in the 2008 FOMC. The entire year was spent in a comedy of errors that should make even the most ardent monetarist shameful. This is ...
Michael Aronstein. Back in 2008, he maneuvered the financial crisis by shorting bank stocks such as Goldman Sachs GS and Wachovia . But while other funds hibernated, Marketfield didn't stay bearish for long. In 2009, management retooled the fund for
maintained.The bank has room to squeeze more revenue out of former Wachovia customers by expanding the number of products and services ..... merger activity, most recently doubling in size by acquiring Wachovia , we think it maintains an advantage in terms of succession
managers felt investors' pain. But the letter lacked a mea culpa for owning stocks like American International Group AIG, Wachovia , and Fannie Mae that the government either took over or forced into the arms of rivals at catastrophic discounts. Granted
Countrywide, Washington Mutual, and Wachovia were clients of LPS, demonstrating that the company is exposed to the event risk of losing large clients.LPS' customer base
has come from consolidation. For example, JPMorgan acquired Bear Stearns and Washington Mutual, and Wells Fargo acquired Wachovia , all at distressed prices. Consolidation allowed dominant banking franchises to take market share and cement their positions
outstanding performance during the credit crisis when the bank’s relative strength allowed it to acquire a distressed competitor, Wachovia , at a very attractive price. Despite the company’s outstanding record of opportunistic acquisitions, new caps on market
time as the stock price dipped under $10). It avoided serious balance sheet problems and was able to buy (rescue) Wachovia Bank on very favorable terms. It has a great loan underwriting culture, very cheap deposits and is in a very strong position
02. There was a 2:1 split in 2006, but this doesn't account for the big differences. The man probably held Dominion Bank of Virginia which went into 1st Union and then into Wachovia and then into WF. What am I missing? Thanks.
as much as 5% for short term CD's. I thought I might place my IRA monies into a 5.350% CD (secondary market) with Wachovia sponored by Fidelity and FDIC insured. It would come due in about November, 2013. That's a perfect time for me to get