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What to make of the Wachovia golden parachute news?

There's been a lot of talk, over the years, about executive employment contracts and how they affect executive performance. As contracts evolved they came to be seen as a way for executives to get... Read more...

Press Releases

Wachovia Preferred Funding Corp. Declares Dividend on Series A Preferred Securities

SAN FRANCISCO--(BUSINESS WIRE)-- Wachovia Preferred Funding Corp. (NYSE:WNAPr) announced today that its board of directors has declared a regular quarterly dividend on its Series A 7.25% preferred Read more >>

Wells Fargo Names Tim Sloan Chief Administrative Officer

SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE:WFC) announced today that Tim Sloan has been named the company’s chief administrative officer, a new position that reports directly to Read more >>

Wells Fargo to Present at Barclays Capital 2010 Global Financial Services Conference

SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE:WFC) said today that Chief Financial Officer Howard Atkins will present at the Barclays Capital 2010 Global Financial Services Read more >>

Fitch Takes Various Rating Actions on Wachovia 2003-C3; Assigns Outlooks and LS Ratings

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings affirms, revises Rating Outlooks and assigns Loss Severity (LS) ratings to the following Wachovia Bank Commercial Mortgage Trust, series 2003-C3 commercial Read more >>

Fitch Withdraws Wachovia Bank's U.S. Resi Primary Residential Servicer Ratings

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has withdrawn Wachovia Bank, N.A.'s (Wachovia) U.S. residential primary servicer ratings as follows: --U.S. residential primary servicer rating for prime Read more >>