Topic: Wachovia Corporation
Wells Fargo posts strong profits
AFP Global Edition
<div><p>US banking giant Wells Fargo reported strong profits for 2009 following its integration of smaller rival Wachovia and repayment of a 25-billion-dollar taxpayer bailout.</p><p>Wells Fargo posted net income of 2.82 billion dollars in the fourth quarter ...
Wells Fargo swings to Q4 profit; fee income rises
Reuters US Online Report Business News
<div><p>NEW YORK (Reuters) - Wells Fargo &amp; Co &lt;WFC.N&gt; swung to a fourth-quarter profit on a pickup in fee income, even as it repaid $25 billion in bailout funds to the U.S. government.</p><p ...
Prudential closes $4.5 billion brokerage stake sale
Reuters US Online Report Business News
<div><p>NEW YORK (Reuters) - Prudential Financial Inc &lt;PRU.N&gt; said on Thursday it completed the planned sale of its minority stake in a retail brokerage to Wells Fargo &amp; Co &lt;WFC.N&gt; for $4.5 billion ...
Prudential sees $1.5 billion gain from Wachovia sale
Reuters US Online Report Business News
<div><p>NEW YORK (Reuters) - Prudential Financial Inc &lt;PRU.N&gt; said on Wednesday it expects the sale of its minority stake in Wachovia Securities to produce a $1.5 billion after-tax gain.</p><p>Wells Fargo &amp ...
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