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Computer glitches stall Wachovia brokers: breakdowns began last week as brokerage integrated systems with former Prudential unit-

Article Abstract:

The post-Labor Day period started badly for Wachovia Securities LLC as computer problems blocked over 5,000 brokers, sales assistants and other employees from the system. Company officials stated that the snafu had nothing to do with the recent integration of the technology systems of Wachovia Securities and the former Prudential Securities.

Author: Mollenkamp, Carrick, Davis, Ann
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
General services, Security brokers and dealers, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Company acquisition/merger, Securities industry, Company systems management, Information management, Prudential Securities Inc.

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SunTrust's hostile bid ends its genteel banking position

Article Abstract:

SunTrust Banks Inc. has made an unsolicited offer to acquire Wachovia Corp. for $14.7 billion (16.81 billion euros). The offer could undermine First Union Corp.'s $12.5 billion offer for Wachovia.

Author: Deogun, Nikhil, Mollenkamp, Carrick
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
SunTrust Banks Inc., STI

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First Union to buy Wachovia, becoming the no. 4 U.S. bank

Article Abstract:

First Union Corp. has reached a deal to acquire Wachovia Corp. for approximately $12.6 billion (14.1 billion euros). The merger will make First Union the fourth-largest bank in the US.

Author: Deogun, Nikhil, Mollenkamp, Carrick
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001

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Subjects list: United States, Banking industry, Mergers, acquisitions and divestments, Wachovia Corp., WB, Commercial banks, Financial services industry, Financial services, Financial holding companies, First Union Corp., FTU
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