Highlights
A collection of news and information related to Wachovia Corp. published by Tribune Company sources.
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Reinvigorated Morgan Stanley hunts for acquisitions
Associated PressMorgan Stanley averted disaster with a $9 billion lifeline from a major Japanese bank, and yesterday it declared it will use that money to pick off smaller rivals. Just a few days ago, some on Wall Street openly questioned whether the embattled...Tags: Investment Service, Banking, Chris Johnson, Business Enterprises, Investments
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Spanish bank to take over Sovereign
Associated PressBanco Santander of Spain said yesterday that it would buy the other three-quarters stake in Sovereign Bancorp that it doesn't already own for $1.9 billion, extending a wave of consolidation as the banking industry struggles to deal with a load of soured...Tags: Regulatory Policy and Organizations, Sovereign Bancorp Incorporated, Banking, Fannie Mae, Wells Fargo & Co.
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Santander buys up Sovereign
Banco Santander of Spain said Monday it would buy the other three-quarters stake in Sovereign Bancorp that it doesn't already own for $1.9 billion, extending a wave of consolidation as the banking industry struggles to deal with a load of soured debt...Tags: BB&T Corporation, Bankruptcy, National City Corporation, Mortgages, Sovereign Bancorp Incorporated
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Flyers lose third-period lead in loss to Habs
Roman Hamrlik and Michael Komisarek scored goals 44 seconds apart in the third period, helping the Montreal Canadiens rally to beat the Philadelphia Flyers 5-3 on Monday night. The Canadiens could have used some of that quick scoring in last season's...Tags: Montreal Canadiens, Paul Kariya, Dan Ellis, Patrick Kane, Injuries
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Spain's Banco Santander takes expansion northward, buying rest of Sovereign Bancorp for $1.9B
AP Business WriterSpain's Banco Santander SA is taking its New World expansion northward. Already with a major presence in Latin America, the Madrid-based bank on Monday said it is buying the three-quarters stake in Philadelphia-based thrift Sovereign Bancorp Inc. that it...Tags: Regulatory Policy and Organizations, Sovereign Bancorp Incorporated, Banking, Fannie Mae, Wells Fargo & Co.
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Morgan Stanley may go shopping
The Associated PressMorgan Stanley averted disaster with a $9 billion lifeline from a major Japanese bank, and on Monday declared it will use that money to pick off smaller rivals. Just a few days ago, some on Wall Street openly questioned if the embattled investment bank...Tags: $700 Billion Bank Bailout, Chris Johnson, Investments, Morgan Stanley Dean Witter & Company, Investment Service
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Highlights of the U.S. action
*Of the $250 billion, half is to be injected into nine big banks. The other half is to go to smaller banks and thrifts. The New York Times reported that Citigroup and JPMorgan Chase were told they each would get $25B; Bank of America and Wells Fargo,...Tags: J.P. Morgan Chase & Co., Mergers, Acquisitions and Takeovers, Banking, Citigroup Incorporated, The Goldman Sachs Group Incorporated
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Buoyed by Japanese lifeline, Morgan Stanley looks ahead
The Associated PressMorgan Stanley averted disaster with a $9 billion lifeline from a major Japanese bank, and on Monday declared it will use that money to pick off smaller rivals. Just a few days ago, some on Wall Street openly questioned if the embattled investment bank...Tags: Sovereign Bancorp Incorporated, Mergers, Acquisitions and Takeovers, Investment Service, Banking, Chris Johnson
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Hamrlik, Komisarek score quick goals in 3rd to lift Montreal to 5-3 win over Flyers
AP Sports WriterPHILADELPHIA (AP) _ Scottie Upshall wanted to knock down the flying puck and clear some room in front of Philadelphia's net. The Flyers forward did use his stick and deflect Michael Komisarek's shot — only the puck fell right into the net for...Tags: Montreal Canadiens, Field Hockey, Robert Lang, Philadelphia Flyers, Simon Gagne
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Naming rights could turn Dodger diamond into gold
Los Angeles Times Staff WriterWelcome to Dodger Stadium! Come see the pitchers warm up in the Red Bull Bullpen. Sit in the Bicycle Playing Cards top deck! Leave your car in the Hertz garage for preferred parking, or the Avis lot, where they try harder to find you a spot. Dodger...Tags: Frank McCourt, Dallas Cowboys, Spring Training, Marketing, National Football League
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Banco Santander to take over Sovereign Bancorp in $1.9-billion deal
From the Associated PressBanco Santander of Spain said Monday that it would buy the rest of Sovereign Bancorp Inc. that it didn't already own for $1.9 billion, extending a wave of consolidation as the banking industry struggles to deal with a load of soured debt related to...Tags: Sovereign Bancorp Incorporated, Banking, Wells Fargo & Co., Mortgages
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Deposits lift bank to $6.4M profit
757-247-4738As the U.S. financial system was becoming paralyzed by a sea of toxic assets in recent months, TowneBank increased its profits by 7 percent. The Portsmouth-based bank turned a $6.4 million profit for the quarter that ended Sept. 30. The company also...Tags: Corporate Performance, Banking, Marketing, Hampton Roads, Fannie Mae
Oct 14, 2008
|Story| Baltimore Sun
Oct 14, 2008
|Story| Baltimore Sun
Oct 14, 2008
|Story| Allentown Morning Call
Oct 14, 2008
|Story| Allentown Morning Call
Oct 13, 2008
|Story| Associated Press
Oct 14, 2008
|Story| Orlando Sentinel
Oct 14, 2008
|Story| Orlando Sentinel
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|Story| South Florida Sun-Sentinel
Oct 13, 2008
|Story| Associated Press
Oct 14, 2008
|Story| Los Angeles Times
Oct 14, 2008
|Story| Los Angeles Times
Oct 14, 2008
|Story| Hampton Roads Daily Press
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