Consumerist
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forgetfulness
County Sells Wachovia Bank For $16,900 For Failure To Pay Taxes
When Wachovia closed its bank branch in Shoemakersville, PA, last month, a spokesperson made it sound like it was part of a normal review of locations. Local newspaper the Reading Eagle, however, found out that the bank lost the branch last September in a tax sale, when a local company bought the building for only $16,900. More » -
annualcreditreport
Wachovia Sends Out Its Own "Free Credit Report!" Offer To Customers
Tom just received a great offer from his bank. He can receive a free credit report just by peeling off this sticker and affixing it to another part of the same page. That's right, a free motherloving credit report! Who doesn't want one of those? Free, you say? Sign me up!
Oh, it also comes with an enrollment in some sort of identity theft protection program for $13 a month. More »
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twitter
Helpful Service from Wachovia via Twitter
Reader Mike wrote to us about a problem he was experiencing with Wachovia (now part of Wells Fargo, but apparently keeping its own identity.) A day later, he he wrote back, informing us that the problem had resolved itself via Wachovia's Twitter account. (Customers, take note: that's http://twitter.com/Wachovia.) More » -
mortgage meltdown
Meet The Savings & Loan That Destroyed Wachovia
60 Minutes recently took a look at World Savings Bank, the acquisition that ultimately wounded Wachovia so badly that it had to be acquired by Wells Fargo. What was wrong with an institution for which Wachovia was willing to pay $25 billion? Well, one whistleblower claims that World Savings was engaged in fraud and predatory lending — tricking its customers into signing up for dangerous "option-arm" or (as they cheerfully called them) "pick-a-payment" loans. More » -
phone numbers
Secret Phone Numbers And Email Addresses To Reach Executives At 101+ Companies
Inside, email addresses, phone numbers, and addresses for over 100 different companies to inject your customer service complaints into their corporate executive offices, and get it well on the way to success.
More »
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Wachovia announced their $23.7 billion third quarter loss with an all-too-easy-to-mock pre-taped conference call. “Let’s just close our eyes and imagine what the combination of Wells Fargo and Wachovia will create,” said CEO Bob Steel. We suppose that does make it easier not to rudely stare at the number "23,700,000,000." [WSJ Deal Journal]
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money meltdown
Wells Fargo Wins, Will Buy Wachovia
Wells Fargo is the winner in the battle for Wachovia, says the New York Times. Apparently, Citibank became nervous about splitting the bank when they saw the size of the "bad assets" it would have to take on, and quietly walked away. The bank will continue to seek $60 billion in damages, however. More » -
wachovia
Citibank, Wells Fargo May Carve Up Wachovia, Feast On Its Bones
Bloomberg is reporting that Wells Fargo and Citibank may split Wachovia. Neither bank would get assistance from the government and taxpayers under the deal being discussed now. More » -
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wachovia
Not So Fast: Judge Blocks Wachovia Sale To Wells Fargo, Citibank Rejoices
Tsk tsk, Wells Fargo. You should've known that stealing Citibank's unspoiled bride at the alter was going to draw a bitter legal challenge. Late last night, Citibank's team of repo-lawyers claimed a partial victory, announcing that a New York judge has agreed to block Wachovia's sale. Citibank is also demanding $60 billion from Wells Fargo for interfering with the deal. More » -
wachovia
Giddyup! Wells Fargo Rides In And Steals Wachovia From Citibank!
Attention Wachovia customers: Wells Fargo just rode on on that stagecoach thing of theirs and stole your bank from Citibank, says the NYT. Rather than pick apart the pieces of Wachovia, Wells Fargo is going to buy the whole darn thing. More » -
Surprise! Wells Fargo is buying Wachovia, even though Citibank said at the beginning of the week that it was going to. (Check out the full post here.) Unlike Citibank, Wells Fargo will absorb all parts of Wachovia, including its securities and retail brokerage biz, in a "$15.1 billion all-stock merger." [DealBook] (Thanks to Stephen!)
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check fraud
Happy Ending: Always Look A Gift Check In The Mouth
There's a happy ending to our story, "Always Look A Gift Check In The Mouth" about the guy who opened up a new bank account just to deposit a check he thought might be fraudulent and indeed, turned out to be. Fred writes: More » -
washington mutual
WaMu And Wachovia Weren't On Texas-Ratio Deathwatch List
Back in July, after IndyMac went under, we posted a list of ten banks that could be "the next to go under." Interestingly enough, as reader Irene noticed, neither Washington Mutual or Wachovia, two major, sub-prime mortgage saddled, banks that got taken over recently, made the list. The list was based on analyzing the banks' "Texas-Ratio," basically the ratio of loans they've made to capital they had on hand. None of the banks on the Texas-Ratio watch list, like "The State Bank of Lebo" of Lebo, KS, or "First Priority Bank" of Bradenton, FL, can be found on another list either: the list of banks you've heard talked about in the news. Well here's a newsflash that the media elite passed over while buffing their loafers with their fancy college degrees: The State Bank of Lebo now has an ATM. It's inside Casey's General Store. Put that in your pipe and smoke it!
PREVIOUSLY: 10 Banks That Could Be Next To Go Under (Photo: knightraven)
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september madness
March Madness-Style Bracket Makes Bank Mergers Fun
TechCrunch has posted this "March Madness" style bracket of the recent financial meltdown. It was reportedly created by a general partner at Sansome Partners named Mark Slavonia, says TC. More » -
wachovia
What Wachovia Customers Need To Do Post-Citigroup Takeover (Hint: Nothing)
What do Wachovia customers need to do now that Citigroup owns your ass? Absolutely nothing. You can do all your online and offline banking just like nothing happened. No temporarily held funds, no chained and locked bank branches. Everything is the same. Even your bank's regulator remains the Office of the Comptroller of Currency. Down the road there will likely be a few alterations, most of them cosmetic. Read our post "Insiders: Probable 1-Year Timeline For Customers In WaMu To Chase Transfer" for some of the changes you can expect.
(Photo: epicharmus)
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wachovia
Citigroup Buys Wachovia
Citigroup is buying Wachovia's deposits, $300 billion of its loan portfolio, and about $42 billion of debt for an undisclosed sum, reports CNN. More » -
wachovia
Now That The Largest Bank Failure In U.S. History Is Over, Is Wachovia Next?
The collapse of Washington Mutual and the FDIC-engineered fire sale to JPMorgan Chase has people worried — about Wachovia. Wachovia's stock is down 45% for the week, and 27% today as bailout talks stalled in Washington and WaMu held a garage sale at the FDIC. More » -
wachovia
Reach Wachovia Auto Loan Executive Customer Service
The number for Wachovia Auto Loan Executive Customer service is 877-250-2265.
This post has info for the regular bank exec customer service team, and this is contact info for their CEO.
(Photo: epicharmus)
wachovia
New York, 8:01 PM
Fri Jul 3
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