wachovia corp

Wachovia Unit Cuts Mortgage-Heavy Fund - Wall Street Journal

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 names head of retirement business - MSN MoneyCentral

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 ...

UPDATE 2-Wachovia cutting fixed-income, support jobs - Reuters

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 ...

Telemarketing case settled - Baltimore Sun

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 ...

Wachovia Is Under Scrutiny In Latin Drug-Money Probe - Wall Street Journal

WASHINGTON -- Federal prosecutors are investigating Wachovia Corp. as part of a broad probe of alleged laundering of drug proceeds by Mexican and Colombian money-transfer companies, according to people familiar with the matter. Wachovia is one of ...

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