Wachovia unit names chief investment officer

Wachovia unit names chief investment officer

Wachovia Corp.'s Evergreen Investments investment-management unit is liquidating its mortgage-centered Ultra Short Opportunities Fund to the tune of $403 million -- less than half the fund's value six months ago. The fund's asset value, which had ...

Wachovia Corp. has appointed John Papadopulos president of its retirement- and investment-products group, one of three businesses within Wachovia's capital-management division. Papadopulos succeeds Robert Reid, who recently was named head of the real ...

NEW YORK, May 12 (Reuters) - Wachovia Corp (WB.N: Quote , Profile , Research ) Chief Executive Ken Thompson told investors on Monday his hard-hit U.S. regional bank was cutting back corporate and investment bank jobs to reduce costs. The Charlotte ...

Sector Snap: Investment bank stocks rise

The money-transfer businesses, or casas de cambio, are commonly used by people in the U.S. to send money ... "Wachovia probed over drug-money...

Federal prosecutors have targeted Wachovia in an investigation into the use of money-exchange houses along the Mexican border to transfer money from US sales to Latin American drug lords, the Wall Street Journal reports. ...

WASHINGTON - Wachovia Corp. has agreed to pay an estimated $144 million to settle federal allegations that it failed to stop telemarketers charged with taking advantage of thousands of elderly consumers. The federal Office of the Comptroller of the ...