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U.S. Banker April 2003 Glen Fest |
Going with the Flow Wachovia CEO Ken Thompson's deal with Prudential has tongues wagging and rivals paying close attention. The newly combined brokerage, nets the bank greater access to trillions of dollars that will pass from one generation to another over the next 10 years. Move over Merrill? |
Registered Rep. May 9, 2008 |
The Party's Over Thursday was no fun for G. Kennedy Thompson, as the board decided it was time for him to step down as chairman at Wachovia. |
Bank Technology News November 2003 Jeremy Quittner |
Finding Equals in a Merger Jean Davis's responsibility is to integrate all of Wachovia's systems, technologies and operations since its 2001 merger with First Union. It wasn't a cake walk, but the new entity is beginning to hum. |
Registered Rep. February 18, 2003 David A. Geracioti |
Prudential and Wachovia Deal at Hand Wachovia Corp. and Prudential Financial are set to announce their long-rumored joint venture, a partnership that would combine the two firms' brokerage units and clearing operations to create the third-largest brokerage (by number of reps) in the United States after Merrill and Morgan. |
Registered Rep. January 13, 2003 Gaffen & Geracioti |
Wachovia-Prudential: For Real This Time? Can you say Pru-chovia? Prudential Securities and Wachovia Securities are very close to an agreement to join forces, one that was scuttled earlier in the year, reportedly due to differences in who would control the unit. |
U.S. Banker August 2006 John Engen |
Southern Exposure Wachovia's Ken Thompson's appetite for deals has raised eyebrows with investors and analysts. Yet proponents say Thompson's ambition, coupled with strong organizational skills, is sure to keep customers and investors satisfied. |
Registered Rep. December 1, 2003 David A. Gaffen |
Suddenly, A Monster Wachovia Securities has gradually, then all of a sudden, emerged as a monster brokerage firm. But Wachovia management insists that its Richmond roots aren't the only difference between it and its New York-based rivals. |
Registered Rep. January 1, 2003 Gaffen & Geracioti |
What's Going to Happen to the Rock? The Prudential unit seems like a serious candidate for a sale. It has been losing money and been a perennial under-performer. |
Registered Rep. March 1, 2003 David A. Gaffen |
Wach-Pru: Rock Steady, or Not Ready? Wachovia's courtship of Prudential Securities, for months one of the worst kept secrets on the Street, has come to fruition. Is the new organization capable of competing in the elite league it has entered? |
Registered Rep. July 28, 2008 Kristen French |
Wachovia Could Sell Retail Brokerage: Analysts Analysts point to a record $8.9 billion quarterly loss in the second quarter, but Wachovia says the brokerage isn't for sale. |
Registered Rep. November 27, 2002 Will Leitch |
Going Upstream Prudential gives up bringing the U.S. brokerage model to the Old World. |
Registered Rep. March 18, 2005 Will Leitch |
Wachovia: On the Recruiting Warpath Wachovia Securities, the third-largest brokerage in the country, has announced an "aggressive" new strategy: the creation of the Individual Investor Group, entirely devoted to the recruitment and retention of individual brokers. |
Registered Rep. September 27, 2004 David A. Gaffen |
Wachovia Securities in Technological Purgatory The Prudential/Wachovia Securities systems integration continues to frustrate the firms' advisors, although the most serious problems have been cleared up. |
Registered Rep. September 29, 2008 |
Wachovia, The Bank, Saved by Citi; What Will Happen To Wachovia Securities? Firm Says The AGE Integration To Continue Unaffected Citigroup apparently thinks its got enough financial advisors: Citi declined to buy the retail brokerage business -- Wachovia Securities (and A.G. Edwards) -- and the asset management unit (Evergreen). |
Registered Rep. February 24, 2003 David A. Gaffen |
Wachovia-Pru: What's Next The newly-announced joint venture between Wachovia's retail brokerage and Prudential Securities isn't scheduled to close for another 18 months. But the new company should be able to measure the effectiveness of its broker-retention strategy sooner than that. |
The Motley Fool April 11, 2007 Ryan Fuhrmann |
Foolish Forecast: Well-Protected Wachovia The banking giant is set to report its first-quarter 2007 financial results shortly. Investors, here is what you can expect to see. |
Registered Rep. October 1, 2005 Christopher O'Leary |
It's in the Bank Wirehouse veterans who have switched to bank brokerages say Wall Street's perception of bank brokerages is stuck in the past, and that the best bank brokerages have become much more competitive in terms of production, assets and compensation. |
The Motley Fool September 13, 2005 Rich Smith |
Wachovia's Turbocharged Purchase Wachovia gets deeper into auto loans by buying Westcorp's loan portfolio -- and its shares, too. Investors, take note. |
The Motley Fool May 8, 2006 Stephen D. Simpson |
Wachovia Pays Up for West Coast Real Estate For a high price, it adds a good bank franchise. Investors, there are still some worthwhile bank ideas out there if you take the time to look. |
Registered Rep. December 1, 2005 Kristen French |
Wachovia: Back on Track Wachovia is back in good graces with its brokers. The many integration headaches of the firm's merger with Prudential Securities have finally subsided. Reps polled say management has tackled a number of improvements. |
Registered Rep. May 31, 2007 Kevin Burke |
Wachovia Buys A.G. Edwards for $6.8 Billion, Creating New Rival to Merrill, Smith Barney The deal puts Wachovia among the top three competitors in retail brokerage -- in terms of both assets and advisors -- and retail banking. |
The Motley Fool September 21, 2007 Lawrence A. Rothman |
Good Deal, Wachovia! Strong quarterly results from A.G. Edwards reaffirm the wisdom of Wachovia's pending purchase. Investors, take note. |
Registered Rep. November 1, 2004 David A. Gaffen |
The Tipping Point Depending on how the grid changes resolve continuing differences between the Pru and Wachovia payout plans, old Pru reps may be ready to walk. Advisors say that at this point, they are growing weary of promises and pep talks. |
The Motley Fool January 24, 2007 Michael Mancini |
Has Wachovia Made the Turn? Two acquisitions boost its year-end results. Investors, take note. |
The Motley Fool October 17, 2006 Ryan Fuhrmann |
Wachovia Banks Another Quarter Wachovia just reported third-quarter results, and the bank continues to grow steadily. Investors, take note. |
Registered Rep. March 1, 2005 Steve Watkins |
Money in the Bank Bank-owned brokerage companies have awakened to the changes they need to make to attract top-shelf talent, and brokers are taking notice. |
Registered Rep. February 13, 2004 David A. Gaffen |
More Wachovia, Less Prudential Three former Prudential managers depart as part of the post-merger consolidation. |
Registered Rep. October 1, 2004 Will Leitch |
Bank Shots For the first time in a year-and-a-half, quarter-over-quarter revenue at bank-owned broker/dealers dropped, by 18 percent, according to a Bank Insurance & Securities Association's (BISA) report on the second quarter of 2004. |
Investment Advisor July 2007 Kara P. Stapleton |
News & Products Wachovia announced that it will acquire A. G. Edwards and fold it into Wachovia Securities... Prudential Financial is closing Prudential Equity Group, suspending the group's institutional equity research coverage and discontinuing the equity group's trading and sales arms in 13 cities... etc. |
Bank Systems & Technology August 19, 2009 Maria Bruno-Britz |
Martin Davis Unites the Wells Fargo and Wachovia IT Shops Merging two customer-centric banks presents challenges and opportunities for Davis as he oversees the technology integration. |
The Motley Fool April 17, 2007 Ryan Fuhrmann |
A Golden Opportunity for Wachovia Will its far-reaching services help the bank keep rewarding investors? |
The Motley Fool July 23, 2007 Ryan Fuhrmann |
Wachovia Is One Big Deal Wachovia snapped up one rival and is still digesting another. Investors, take note. |
Finance & Development June 1, 2006 Wim Fonteyne |
EU: From Monetary to Financial Union The choice is not between a centralized and a decentralized framework, but about the degree of centralization that will give Europe the best tools to manage risks to its financial stability without impeding the integration process itself. |
Registered Rep. June 8, 2007 Christina Mucciolo |
Wachovia Accelerates Hiring in Private Bank Under plans to expand its private banking presence, Wachovia Securities said it would hire about 300 private bankers over the next three years, more than doubling its number of private banking relationship managers. |
Registered Rep. July 10, 2008 |
Wachovia: Oops, We Did It Again Yesterday Wachovia announced a new CEO to replace Ken Thompson: Robert Steele, previously a vice chairman at Goldman Sachs, and currently undersecretary of the Treasury until Wednesday. |
Bank Systems & Technology November 1, 2005 Maria Bruno-Britz |
Stranger in a Strange Land No More According to Wachovia's CIO, increasingly, banks are realizing the need to bring together IT with their general business strategies in order to achieve their goals on the customer end. |
Insurance & Technology April 19, 2005 Lisa Valentine |
Life After Integration A conversation with Nicholas Campanella, head of the Prudential Annuities technology group, about integrating technology from newly acquired American Skandia. |
On Wall Street September 1, 2011 |
Mary Mack During our merger with Wells Fargo, I co-led its wealth brokerage business, overseeing the eastern part of the country. Mergers provide important lessons. |
Wall Street & Technology June 4, 2004 Jessica Pallay |
Growing Through a Major Merger Wachovia CIO Martyn Greene faces integration challenges with the firm's Prudential merger. |
The Motley Fool September 14, 2005 Stephen D. Simpson |
Wachovia: California Dreaming This North Carolina-based bank makes trips to the left coast for acquisitions. Should investors be worried? |
Bank Systems & Technology August 19, 2009 Maria Bruno-Britz |
Wells Fargo and Wachovia: The Creation of a Coast-to-Coast Banking Franchise It wasn't the easiest of acquisitions, but now that Wachovia is officially part of Wells Fargo, the heavy lifting has only begun for IT. |
The Motley Fool November 14, 2006 Dan Caplinger |
Banker, Broker, or Both? Be careful to figure out which hat your bank's employee is wearing. The key to dealing with bank-based brokers is to know exactly what you're being offered at all times. |
Registered Rep. May 18, 2009 John Churchill |
As Wells Fargo Takes Over, Integration at Wachovia and A.G. Edwards Still Faces Hurdles Some financial advisors at what is now the largest retail brokerage firm in the U.S. say the integration of the Wachovia and A.G. Edwards is still incomplete, and leaves much to be desired. |
The Motley Fool April 30, 2009 Dan Caplinger |
Tools to Make You a Better Investor Brokers have been hurting, and you can take advantage. With brokers focusing on getting your business, you'll find them developing and expanding on tools that could help you invest more easily. |
The Motley Fool August 30, 2007 Emil Lee |
Wachovia: Buy, Sell, or Hold? Are shares of this bank really bargain-priced? |
The Motley Fool April 14, 2008 Morgan Housel |
Wachovia's Bleeding Continues More capital infusions, more writedowns, more bad news. What's next for Wachovia? |
The Motley Fool October 6, 2008 Morgan Housel |
The Battle for Wachovia: Round 2 Come on, you didn't really think the banking world had its act together, did you? |
Registered Rep. February 6, 2008 Halah Touryalai |
Forget Sub-Prime Mortgage Woes--Wachovia Is Embarrassed By Its Telemarketers Wachovia Corp. is facing a lawsuit alleging it allowed a telemarketing scheme that eventually scammed consumers out of about $400 million. |
Registered Rep. November 6, 2002 Rick Weinberg |
Brokers Taking Hits from Surveys Brokers continue to take hits for Wall Street's research conflicts and the sluggish market, according to two recent polls that show investors are not seeking advice from brokers. |
The Motley Fool July 20, 2006 Stephen D. Simpson |
Wachovia Weighs In The popular bank reports respectable results in a challenging environment. Wachovia's management looks cocky now, but investors have taken a "show me" attitude in response. |