DealBook Blog: DealBook: Wachoviaâs Credit-Crunch Bill
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Another bank took an ax to its asset valuations Friday, as the parade of markdowns induced by the recent credit crunch continued. The latest ten-digit chop came from Wachovia Bank, which said it wrote down loans and other securities by a total of $1.3 billion in the third quarter, contributing to an overall profit decline [...].
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Wachovia Corp.'s Boston mutual fund division, Evergreen Investment Management Co., agreed to pay $32.5 million to settle allegations it allowed shareholders to market-time in violation of prospectuses, the Securities and Exchange Commission said yesterday.
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SEC may take civil action against the bank&#39;s brokerage unit on improper mutual fund trading charges. NEW YORK  - Wachovia Corp.
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Your credit card company might be needlessly costing you thousands.
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What a surprise -- credit card issuers aren't exactly playing nice.
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Call it a love affair with a dark side. Consumers today can't get enough of their credit cards, slapping them down with a passion to pay for everything from fast food to plane tickets at a rate of 10,000 transactions a second worldwide.
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A new law allows consumers to check their credit once a year without charge
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Six months ago, John Elliott, a sailor based at Norfolk Naval Station, was having trouble keeping up with his bills, so he went looking for a quick source of cash to tide him over. While it's bad enough for a civilian to fall deeply into debt, the consequences for members of the military can be......
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Get more out of your credit cards before the holidays hit.
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Your credit card companies want to charge you more.
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Wall Streetâs first reports since this summerâs credit storm revealed extensive damage, but better-than-expected earnings this week from four brokerage firms offered some comfort.
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Wachovia, the nationâs fourth-largest bank, said it would take write-downs of more than $1 billion for commercial loans.
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Keep an eye on your credit card issuers -- they may be about to raise your rates.
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A new federal law that entitles consumers to free credit reports sounds great, but the devil is definitely in the details. The Fair
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Bank of America Corp and Wachovia Corp, the second- and fourth-largest U.S. banks, said on Tuesday quarterly profits were nearly wiped out by more than $10 billion of write-downs and credit losses.
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HERE'S a tale that illustrates the role of money in state politics like few others. It's the story of Assembly Bill 2987, fairly noncontroversial legislation passed last week that allows telephone companies to get into the cable television business through bundling services.
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WASHINGTON -- Consumers kept charging at a rapid pace on their credit cards in July although their overall borrowing slowed a bit.