Wachovia adds to wealth-management unit
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Wachovia Corp. aims to increase its profile in the Northeast and Southwest by expanding its wealth-management division. The bank, based in Charlotte, said yesterday that it is buying Tanager Financial Services Inc.
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Wachovia Corp.'s  deal to buy A.G. Edwards Inc.  for $6.8 billion has put other independent brokerages in focus for possible takeovers.
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Wachovia Corp. WB.N, the No. 5 U.S.  bank, on Friday said third-quarter profit rose 14 percent,  helped by increased lending to consumers and a decline in bad  loans.
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Seat emptied by spying scandal filled The chairman and chief executive of Wachovia â the fourth largest retail bank in the US â is joining the board of HP.â¦
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Wachovia Corp. , the fourth-largest U.S. bank, on Thursday said it will buy A.G. Edwards Inc.  for $6.8 billion in cash and stock, creating the second-largest U.S. retail brokerage.
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The bond firm plans to tackle riskier investments.
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U.S. bank Wachovia Corp.  on Thursday said it would buy A.G. Edwards Inc.  for about $6.8 billion in cash and stock to create the second-largest retail brokerage in the United States.
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Wachovia Corp. WB.N on Friday   announced a partnership with a unit of General Electric Co.   GE.N to provide commercial and purchasing credit cards to   wholesale and treasury services customers.
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Wachovia Corp  on Friday posted a 10 percent decline in quarterly profit, missing forecasts, as the fourth-largest U.S. bank suffered $1.3 billion of write-downs at its investment banking unit.
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Wachovia Corp. WB.N on Friday said   it has teamed up with a General Electric Co. GE.N unit to   provide commercial and purchasing credit cards to the No. 4   U.S. bank's wholesale and treasury services customers.
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The traditional asset manager is making a big play for alternative investments.
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JPMorgan Fleming Asset & Wealth  Management on Monday said it plans to buy a majority interest  in and enter into a partnership with Highbridge Capital  Management, a hedge funds manager, to bolster its presence  among hedge funds and attract a broader audience of investors  to hedge funds.
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Fidelity Investments this week named a new team of managers to help run its stock trading desk, which is the subject of a federal investigation into whether company traders improperly solicited and received lavish gifts from brokers who wanted the mutual fund giant's massive trading business.
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Wachovia Corp. said on Thursday it would buy A.G. Edwards Inc. for $6.8 billion, creating the second-largest U.S. retail brokerage in a bid to win more business from baby boomers as they grow older and wealthier.
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Achim Kassow, who took over responsibility for the business a month ago, is expected to touch on the broad strategy for the unit tomorrow when he announces plans to target wealthy individuals.
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The board of Wachovia Corp. has approved a 15 percent increase in the company&#39;s quarterly dividend to 46 cents per share from 40 cents.
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NEW YORK -- Wachovia Corp. said Thursday it would acquire A.G. Edwards Inc. for $6.8 billion in cash and stock in a deal to form one of the largest retail stock brokerages in the United States.