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Wachovia

   

Wells Fargo Joins Bank of America and Chase With New Overdraft Policies

by Flexo on September 24, 2009. Banking 7 comments.

Yesterday, Bank of America and J.P. Morgan Chase Bank announced they were changing their policies to allow customers to opt out of overdraft protection. Wells Fargo decided to follow in their footsteps late yesterday, announcing a number of changes at this bank. The following changes also apply to Wachovia, the bank that was acquired by ... Continue reading this article…

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What’s Going on With Wachovia, Citi, and Wells Fargo

by Flexo on October 6, 2008. Banking 4 comments.

This would-be acquisition is turning into a mess. First Citi agreed to buy Wachovia’s deposits with the help of the FDIC. Wachovia accepted this deal under duress, apparently. The FDIC warned Wachovia that if they did not agree to the deal, the government would seize Wachovia’s deposits. That left Wachovia little choice ... Continue reading this article…

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Wells Fargo Steps in With a Better Offer for Wachovia

by Flexo on October 3, 2008. Banking 5 comments.

Although Wachovia was recently saved by Citi and the FDIC, Wells Fargo stepped into the picture with a better offer. In this deal, Wells Fargo would take on all of Wachovia, including deposits, brokerage, and investment management, for $15 billion. Earlier this week, Citi offered $2.2 for Wachovia’s banking operations only. If the Wells Fargo deal ... Continue reading this article…

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Acquisitions Continue: Citi Buys Wachovia

by Flexo on October 1, 2008. Banking 1 comment.

October 3 update: Wells Fargo has stepped in and placed a better offer for Wachovia. Wachovia is my main brick-and-mortar bank. The bank has held my primary, though small, savings and checking accounts for about fifteen years. During this time, it hasn’t always been known as Wachovia to me due to a series of mergers and ... Continue reading this article…

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I Received a Surprise 1099-INT

by Flexo on January 24, 2008. Taxes 14 comments.

The other day, I received a tax form (1099-INT, income from interest) in the mail. The form came from Bank of America. I was not aware of having an interest-earning account at Bank of America. My only experience with this particular financial company was when a Wachovia credit card I have (unused ... Continue reading this article…

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