Company Profile for Wachovia

Wells Fargo & Company

TypePublic company
FoundedNew York, New York
March 18, 1852
IndustryBanking, Financial services
Key PeopleJohn G. Stumpf
(Chairman, President & CEO)

Tim Sloan (Chief Financial Officer)
Carrie Tolstedt (Sr. EVP, Community Banking)
ProductsCredit cards, consumer banking, corporate banking, investment banking, global wealth management, financial analysis, private equity
Source: http://en.wikipedia.org/wiki/Wells_fargo

ADDITIONAL INFORMATION:
Wachovia
1525 West W.T. Harris Blvd.
Charlotte, NC 28288-0376
Toll-free: 1-800-922-4684

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Man Commits Suicide After Years Of Fighting Wachovia & Wells Fargo Over Mortgage Mess-Up
By Chris Morran on May 17, 2012 3:00 PM  
We've written some incredibly sad stories about homeowners trapped in the mortgage meltdown maze, and this one certainly ranks up there among the most depressing. Not just because a man is dead, but because it could have all been prevented more than three years ago. More »

How A $10 Overdraft Fee Spiraled Into $1,555 In Debt To Wells Fargo
By Chris Morran on April 9, 2012 10:30 AM  
Five years after a NJ man thought he'd closed his former business's two lines of at Wachovia, he was hit with one heck of a surprise by the bank's new owner Wells Fargo: He had somehow racked up more than $1,500 on one of those accounts, without ever having received a statement. More »

CFPB Now Taking Complaints About Checking, Savings Accounts
By Chris Morran on March 5, 2012 12:30 PM  
Seven months after launching its credit card complaint portal, the Consumer Financial Protection Bureau has started taking complaints from checking and savings account customers — and actually expects banks to respond. More »

Spin The Wheel, Get A Different Story About Why Wells Fargo Flagged Your Card
By Laura Northrup on February 8, 2012 8:00 AM  

Craig's Wells Fargo debit card was flagged for fraud because he was trying to buy a speaker at a high-traffic Apple Store. A merchant he made a recent purchase from has been hacked, and he will receive a new debit card soon. He's finally receiving an "upgraded" Wells Fargo card for his former Wachovia account, even though the account changed over more than a year ago.  

Each of these stories has been told to Craig on separate interactions with Wells Fargo. The problem is, he doesn't know which one is true. And neither does anyone at Wells Fargo, apparently.   More »

21 CEOs Who Floated Away On Golden Parachutes Worth More Than $100 Million
By Chris Morran on January 27, 2012 1:30 PM  
Being the CEO of a multibillion-dollar global corporation is tough work. Or at least it had better be, considering the amount of money some of these folks were paid just to quit. More »

Wells Fargo Admits To Sending Thousands Of Statements To Wrong Addresses
By Chris Morran on October 27, 2011 12:15 PM  
Need another reason to make the move to paperless bank statements? How about the fact that one of the nation's biggest banks managed to send thousands of its customers' statements to the wrong people? More »

Wells Fargo To Pay $590 Million Over Wachovia "Pick-a-Pay" Loans
By Chris Morran on August 5, 2011 1:30 PM  
Nearly three years later, Wells Fargo is still feeling the stomach ache from its decision to gobble up the expired scraps of Wachovia. It was revealed today that the Fargo folks have agreed to shell out $590 million to settle the class-action lawsuit over Wachovia's "Pick-a-Pay" loans. More »

Wells Fargo And Wachovia Merger Is Bad News For Divorced Couple
By Ben Popken on August 5, 2011 10:00 AM  
When Wells Fargo and Wachovia got married, it was bad news for this divorced couple. Merging the two bank's databases resulted in the husband getting bills and statements for his ex-wife. After trying to fix it and deal with some Wells Fargo customer service reps who clearly needed counseling, the man is ready to break it off with his bank too. More »

Letter To Wells Fargo Execs Finally Gets Loan Check In Reader's Hands
By Chris Morran on April 8, 2011 3:15 PM  
In February, law school grad and Consumerist reader Stephanie applied for a $5,000 loan to cover the cost of her bar exam and related review course. Should have been no big thing, considering that she's been an account-holder at Wachovia, which Wells Fargo scooped up after it failed a few years back. Alas, it turned into a nightmare. But after several weeks of dead ends, one well-composed Executive E-mail Carpet Bomb to Wells Fargo got the mess cleared up. More »

Wells Fargo Is Worst Friend Ever, Borrows $377.09 For Two Weeks Without Asking
By Laura Northrup on March 31, 2011 12:30 PM  
Tom is angry at Wells Fargo, because they're borrowing $377.09 from him without his permission. When Wells Fargo purchased Wachovia a few years ago, Tom's car loan came along with it. Every month, the bank would draft a payment of $384.43 from Tom's account. His last payment was due in March, and it was only $6.34, but Wells Fargo just went ahead and took the entire $384.43 out of habit. More »