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Subsequently, Wachovia eliminated the A. G. Edwards brand in favor of Wachovia Securities. On December 31, 2008, Wachovia Corporation was purchased by Wells Fargo & Co. after the bank was nearly taken over by the FDIC. Wachovia had purchased Golden West Financial and its subsidiary World Savings in mid-2007. [8]
Manhattan court bankruptcy judge James Peck, after a seven-hour hearing, ruled: "I have to approve this transaction because it is the only available transaction. Lehman Brothers became a victim, in effect the only true icon to fall in a tsunami that has befallen the credit markets. This is the most momentous bankruptcy hearing I've ever sat ...
The Wells Fargo Building, originally the Fidelity-Philadelphia Trust Company Building, is a skyscraper in Center City, Philadelphia, Pennsylvania, United States.Designed in the Beaux-Arts style by the architectural firm Simon & Simon, the building was erected for the Fidelity-Philadelphia Trust Co. in 1928.
Robert King Steel (born August 3, 1951) is an American businessman, financier and government official who has served as Deputy Mayor for Economic Development in the administration of New York City Mayor Michael Bloomberg, Under Secretary for Domestic Finance of the United States Treasury, chief executive officer of Wachovia Corporation and vice chairman of Goldman Sachs.
Universal bank $ 1.05 × 10 ^ 9 [63] May 28, 2009: Bank Medici: withdrawal of the concession: Bank [64] August 14, 2009: Colonial Bank, Alabama BB&T, North Carolina Bank [65] August 21, 2009: Guaranty Bank, Texas BBVA Compass, Alabama Savings and loan association [66] September 25, 2009: Colonial Bancgroup: Chapter 11 bankruptcy and liquidation ...
Two James Center was later known as the Central Fidelity Bank Building from 1993 to 1998, the Wachovia building from 1998 to 2008, and since 2008 has been known as the Wells Fargo Building. History. The land where the James Center is located was annexed to the city of Richmond in 1769.
In July 1985, Trammell Crow Co. and Norfolk Southern Corp. announced plans for the block between College and Brevard Streets and between 2nd and 3rd Streets. First Union Center, named for its main occupant, would include an 850,000 square feet (79,000 m 2) 34-story granite and glass skyscraper [8] called Two First Union Center, which was to be Art Deco and the city's first postmodernist office ...
Once the merger was finalized, the corporation, which retained the Wachovia name, decided to locate its headquarters at One Wachovia Center in Charlotte, North Carolina. Wachovia subsequently sold Wachovia Center to American Financial Realty Trust in May 2004 for $39.6 million as part of a $546 million deal which included 150 bank properties ...