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Wells Fargo Bank, 2008 Timeline Saturday, April 21 Bookmark and Share     Author
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WF chairman to oversee Wachovia deal  Wells Fargo Chairman Dick Kovacevich will help manage the bank's proposed $15.1 billion takeover. - assuming he has his wife's permission Wells gets green light for Wachovia
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Business (9) Wachovia (11)
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Payout (7)   Wachovia (11)   Wells Fargo, 2008   San Francisco, October, 2008 (22)   Feds (69)
Wells Fargo To Buy Wachovia
Wells Accused On Lending  Federal lawsuit: Black neighborhoods in Baltimore were disproportionately affected by the subprime mortgage fallout Wells Fargo Boosts Payout

January 2008 ... more > Top ^

July 2008 ... more > Top ^
  The bank gave anxious investors a pleasant surprise, reporting a profit drop that was milder than anticipated and lifting its dividend by 10%

October 2008 ... more > Top ^
  Wachovia agreed to be acquired in a $15.1 billion all-stock deal. Citigroup demands that Wachovia abide by the terms of its earlier deal
 The Citigroup deal would have been done with the help of the Federal Deposit Insurance Corp. Wells deal without it
  Wells Fargo is proceeding with plans to acquire Wachovia Corp. for $11.7 billion. Citigroup wouldn't pursue legal actions to halt the takeover
Oct.13 Feds approve merger with Wachovia
  The Federal Reserve approves the merger of Wells Fargo and Wachovia after Citigroup withdraws the legal case in a New York federal court

November 2008 ... more > Top ^
Nov.14 Wells cleans out Wachovia's top execs
  Only one of Wachovia high-level executives will remain among the top brass after the bank is acquired by Wells Fargo Nov.22 Wells briefly holds top spot among banks  The SF financial institution with few branches east of Mississippi, was briefly the largest U.S. bank by market value, passing JPMorgan Chase Nov.26 Bank ordered to pay whistle-blower
  Federal regulators have ordered Wells Fargo to pay $75,000 in back wages and damages to an employee who was wrongfully transferred

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