Wachovia Corporation
News and overview for Wachovia Corporation
GMAC seeking more government aid
Charlotte Observer (N.C.), The | 26 days 3 hours 4 minutes ago
NEW YORK GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline to raise the $11.5 billion capital cushion mandated by results of the government's “stress test” earlier this year.
Treasury: GMAC seeks billions more in taxpayer money
USA TODAY | 26 days 2 hours 31 minutes ago
NEW YORK (AP) - GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline to raise the $11.5 billion capital cushion mandated by results of the government's "stress test."
Treasury says auto lender GMAC in talks for billions more in taxpayer funds to boost capital
Star Tribune (Minneapolis-St. Paul, Minn.) | 26 days 14 hours 1 minute ago
NEW YORK - GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline to raise the $11.5 billion capital cushion mandated by results of the government's "stress test" earlier this year.
Treasury, GMAC in talks for 3rd round of US aid by The Associated Press
National Public Radio | 26 days 10 hours 52 minutes ago
GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline to raise the $11.5 billion capital cushion mandated by results of the government's "stress test" earlier this year.
Company Overview
| Company: | Wachovia Corporation |
|---|---|
| Industry: | Superregional Banks |
| Website: | http://www.wachovia.com |
More proof that banking has become the wild wild West: Wachovia wed Wells Fargo at the end of 2008 to create North America's most extensive financial services company with some $1.3 trillion in assets and 6,650 branches from coast to coast. The deal integrated Wachovia's network of branches focused in eastern and southern states and gave California-based Wells Fargo a presence along the East Coast. The banking powerhouse now is the fourth-largest in the US reaching customers in some 40 states. The merger also included Wachovia's retail brokerage Wachovia Securities (renamed Wells Fargo Advisors), Wachovia Capital Management (now Wells Fargo Securities), and mutual fund arm Evergreen Investment Management.
Key Numbers
| Sales in U.S. Dollars (mil.) | 0 () |
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| One-year % Growth in Sales | 0.0 () |
| Net Income in U.S. Dollars (mil.) | 0 () |
| One-year % Growth in Net Income | 0.0 () |
| Number of Employees | 0 (0) |
| One-year % Growth in Number of Employees | 0.0 (0) |
| Fiscal Year-End |