Search the Community

Showing results for tags 'wachovia'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Real estate projects
    • Proposals
    • Going up
    • Completed
    • Mass Transit
    • Infrastructures
    • Cultural, entertainment and sport projects
    • Cancelled projects
  • General topics
    • City planning and architecture
    • Economy discussions
    • Technology, video games and gadgets
    • Urban tech
    • General discussions
    • Entertainment, food and culture
    • Current events
    • Off Topic
  • MTLYUL Aviation
    • General discussion
    • Spotting at YUL
  • Here and abroad
    • City of Québec
    • Around the province of Québec.
    • Toronto and the rest of Canada
    • USA
    • Europe
    • Projects elsewhere in the world
  • Photography and videos
    • Urban photography
    • Other pictures
    • Old pictures

Calendars

There are no results to display.

There are no results to display.

Blogs

There are no results to display.

There are no results to display.


Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


About Me


Biography


Location


Interests


Occupation


Type of dwelling

Found 18 results

  1. La banque d'affaires américaine Morgan Stanley négocie une fusion avec la banque généraliste américaine Wachovia, rapporte mercredi soir le New York Times. Pour en lire plus...
  2. La banque centrale américaine exerce de fortes pressions sur les banques Citigroup et Wells Fargo, pour les contraindre à un compromis sur l'avenir de leur concurrente Wachovia, avant que n'ouvrent les marchés, affirme dimanche le Wall Street Journal sur son site internet. Pour en lire plus...
  3. La banque américaine fait l'annonce qu'elle met la main sur Wachovia pour 15,1 G$ US, alors qu'au départ, les autorités préparaient une transaction avec Citigroup. Pour en lire plus...
  4. La banque américaine, lourdement déficitaire, prépare une offre payante pour ceux qui subiront une rupture de contrat. Pour en lire plus...
  5. L'information a été dévoilée par le grand patron de la compagnie d'assurance, Dominic D'Alessandro, lors d'une conférence tenue à l'intention d'investisseurs à Toronto lundi matin. Pour en lire plus...
  6. La banque américaine qui sera achetée par Wells Fargo enregistre de lourdes dépréciations au troisième trimestre. Pour en lire plus...
  7. Le géant américain est fermement opposé à l'achat de Wachovia par Wells Fargo, parlant de «rupture de contrat» et «ingérence délictueuse» pour qualifier la situation. Pour en lire plus...
  8. La Réserve fédérale américaine (Fed) a approuvé l'acquisition de la banque américaine Wachovia, en faillite, par sa concurrente Wells Fargo, pour un montant de 11,7 milliards de dollars (8,6 milliards d'euros), a-t-on appris dimanche dans une brève déclaration de la Fed. Pour en lire plus...
  9. La fusion va se faire avec Wells-Fargo et elle devrait être terminée d'ici à la fin de l'année. Pour en lire plus...
  10. Wells Fargo semble avoir l'avantage sur sa concurrente Citigroup pour racheter la banque en difficulté Wachovia. Pour en lire plus...
  11. La quatrième banque commerciale américaine remplace son PDG, Ken Thompson, qui a fait perdre à l'institution 11,5 milliards de dollars de capitaux depuis le début de l'année, dans la foulée de la crise des prêts hypothécaires à risque. Pour en lire plus...
  12. La banque de Caroline du Nord, l'une des plus importantes du pays, déclare une perte nette de 8,9 milliards de dollars. Du coup, elle annonce la suppression de 6350 emplois. Pour en lire plus...
  13. La banque américaine enregistre 14,6 G$ US de provisions et charges exceptionnelles et lance des mesures d'urgence afin de se stabiliser. Pour en lire plus...
  14. Le patron de la banque américaine Wachovia, Ken Thompson, a été débarqué lundi par son conseil d'administration. Pour en lire plus...
  15. Les deux banques américaines veulent prendre le temps de décider du sort de Wachovia (WB), le quatrième établissement bancaire du pays. Pour en lire plus...
  16. Le conglomérat financier américain Citigroup a annoncé avoir obtenu en référé de la justice new-yorkaise le gel de l'acquisition de Wachovia par sa concurrente Wells Fargo, plongeant le sort de la quatrième banque des Etats-Unis en plein brouillard juridique. Pour en lire plus...
  17. La banque d'affaires américaine Morgan Stanley négocie une fusion avec la banque généraliste américaine Wachovia, rapporte mercredi soir le New York Times. Pour en lire plus...
  18. Charlotte in same predicament as Wall Street By IEVA M. AUGSTUMS, AP Business Writer Ieva M. Augstums, CHARLOTTE, N.C. – The financial collapse has hit the city known as Wall Street South. For years, Bank of America Corp. and Wachovia Corp. helped turn Charlotte into a financial powerhouse. Now, the big banks have thrust it into the same predicament as the real Wall Street — the city is losing thousands of jobs and an unquantifiable amount of prestige. Residents who invested heavily in the banks have seen their wealth dissipate and lifestyles change radically. "It's kind of sad, disheartening because the banks have been the backbone of Charlotte for so long," said Carl Clayton, a 55-year-old retired school teacher. The loss of so many bank jobs is causing upheaval in other industries. Consumers who have been laid off or fear being out of work are curtailing their spending, forcing restaurants and retailers to close — among them Morton's, a high-end steakhouse, and a 15-month-old Home Depot Design Center. Even some of the Charlotte's lively night clubs have shuttered their doors. "There's a bit of a state of disbelief," said Bob Morgan, president of the Charlotte Chamber of Commerce. "We are seeing things happen that no one else has contemplated before." Charlotte remains the nation's second-biggest bank town by assets — second to New York, and in front of San Francisco. But, Morgan said, "we don't know what the city is going to look like once we emerge." "We do know that tremendous wealth has already been lost." A big reason why is the amount of banking shares owned by people who have worked for Wachovia, now owned by Wells Fargo & Co., and Bank of America. Both have used their stock to compensate employees. Bank of America's shares have been among the hardest hit among financial companies. The company has lost more than 56 percent of its value since it closed on its acquisition of investment bank Merrill Lynch & Co. at the beginning of the year. The stock is down nearly 85 percent from a year ago. Last year, before Wachovia was acquired by Wells Fargo, its shares had slid 85 percent. Clayton estimates he has lost about $60,000 because of stock holdings in the two banks, along with other North Carolina banks, including BB&T Corp. "I had a lot of bank stock, but now it's gone," Clayton said. "What wealth I had, is gone." Residents and employees never expected such a downfall. Wachovia, once headquartered in Winston-Salem, N.C., joined the Top 5 ranks of national banks after it was acquired by Charlotte-based First Union Corp. in 2001. The combined company took Wachovia's name. Banker Hugh McColl Jr. led NationsBank Corp. through some 70 acquisitions starting in the early 1980s. His biggest coup was San Francisco-based BankAmerica Corp., a financial institution bigger than NationsBank. He adopted the name and also moved the headquarters to Charlotte. Some say Charlotte's troubles began in 2006, when Wachovia acquired mortgage lender Golden West Financial Corp. for roughly $25 billion at the height of the housing boom. With that purchase, Wachovia inherited a $122 billion portfolio of deteriorating mortgages, leaving the company with huge losses. Charlotte residents were unnerved as they watched Wachovia falter and then be taken over by Wells Fargo in what amounted to a fire sale late last year. Down the street, at Bank of America, things were looking just as bleak. A series of bad bets in the investment banking unit over the past year sank companywide profits, and as Bank of America completed its acquisition of struggling investment bank Merrill Lynch & Co., shareholders watched its stock price slide to historic lows. Both Wells Fargo and Bank of America have said they remain "committed" to Charlotte. Wells Fargo, based in San Francisco, has said Charlotte will be its eastern headquarters, though it remains unclear exactly what that means. The fear is that Wells Fargo, as it completes its integration of Wachovia, will keep shedding Charlotte positions. Wachovia has about 20,000 employees in the city. Bank of America, meanwhile, with about 15,000 employees in Charlotte, is eliminating some 35,000 jobs companywide. North Carolina already has nearly 400,000 unemployed workers. The jobless rate was 8.7 percent in December, the highest since 1983, according to the most recent available data. Charlotte, with a population of nearly 700,000, is the 20th-largest city in the country. About 45 percent of the residents of its home county, Mecklenburg, make more than $50,000 a year, according to data supplied by the Charlotte Chamber of Commerce. Outside the downtown offices buildings filled with bank employees, there's a sense of disbelief as people huddle together drinking coffee or smoking cigarettes and then shuffle off to their jobs. When a reporter approached employees for interviews, they declined to speak, or said they didn't want to give their names, worried about keeping their jobs. Charlotte relies on the banks for more than employment — its lifestyle, even its skyline has depended on Wachovia and Bank of America. Wachovia sponsors the city's annual PGA tournament, among the most popular on tour, while Bank of America's name is on the football stadium and the bank is a sponsor of one of NASCAR's top auto races. Both fill towering downtown office buildings — Wells Fargo, now by way of Wachovia, is building a 48-story headquarters and adjoining city arts campus. The bankers and traders who work for both helped create the demand — and now vacancies — for the high-rise condos near by. "I have received more calls over the past month from people wanting to list their homes, with a majority of them having financial problems," said Rich Ferretti, a broker at Jamison Reality in Matthews, a suburb of Charlotte. Stores in the city's affluent SouthPark area are less crowded on the weekends. And a recent happy hour at Capital Grille, located just across from Bank of America's headquarters, was sparsely attended. Charlotte also faces civic and philanthropic repercussions. Unlike Wachovia, Wells Fargo's executives have few North Carolina ties. Bank of America typically offers up the lead gift on projects. "We will honor our existing commitments and we are still in the process of determining any future commitments," Wells Fargo spokeswoman Mary Eshet said. Now, the city is waiting for major changes. "A lot of our friends work for the banks," said Leslie Hunter, a 38-year-old mother of two. "People are not stopping everything, but their awareness has increased." After being laid off from his bank consulting job 11 months ago, Jim Edwards' daily routine of networking, applying for jobs and going to the gym keeps his spirits up. "I've been out of work and living on my retirement income," said the 62-year-old, who added it's been a struggle finding employment because no one is hiring. While many unknowns remain, Mayor Pat McCrory is optimistic. "Charlotte does have very strong resilience and I anticipate that a lot of the talent that's moving out of the banks will stay," he said in an interview with The Associated Press. Some job relief may be moving in. GMAC Financial Services and Morgan Stanley are rumored to be looking to move at least parts of their companies to the Charlotte area. GMAC Financial Service's chief executive, Al G. de Molina, used to be Bank of America's chief financial officer. Morgan Stanley has already hired at least four former Wachovia executives to help the New York-based firm's retail banking expansion effort. McCrory wouldn't talk about the two firms, but said the large amount of talent in Charlotte will "attract others in the financial services industry to set up here." "We're going through a major adjustment, but when the economy rebounds, I think Charlotte will rebound the quickest," he said.