Vachovia

What's Up with Wachovia?

Armen Hareyan — Mon, 12 May 2008 13:01:00 -0500

Wachovia is on some kind of streak recently. First came news that the bank was under investigation for money laundering:

World Savings Acquisition Poorly-Timed Says Wachovia CEO

Armen Hareyan — Wed, 23 Apr 2008 08:53:21 -0500

In a tense shareholder meeting that opened with the call for his ouster, Wachovia CEO Ken Thompson stated the obvious that Golden West Financial Corp (parent to World Savings) was a “poorly-timed” acquisition. I’m giving Ken Thompson a belated “Captain Obvious” award for that admission.

Vachovia Lowers Prime Rate

Armen Hareyan — Tue, 22 Jan 2008 13:21:13 -0600

Effective today, Wachovia Corporation (NYSE:WB) lowered its prime interest rate to 6.50 percent from 7.25 percent at Wachovia Bank, National Association and all of its other banking subsidiaries.