Wachovia Corporation

49 results about this entity

Period: 14 Sep 2004 - 05 Jul 2010

Citi claims legal high ground as Wells Fargo snatches Wachovia

West Coast bank Wells Fargo says it expects to incur merger integration costs of $10 billion as it agrees a deal to acquire Wachovia, snatching the North Carolina-based bank from under the nose of FDIC-approved suitor Citi.

Citi aims for $3 billion in 'consolidation synergies' from Wachovia rescue

Citigroup is targeting $3 billion of consolidation synergies from its acquisition of debt-hit bank Wachovia under a loss-sharing deal brokered by the Federal Deposit Insurance Corporation (FDIC).

US regulator updates risk guidance after Wachovia telemarketing probe

The US Office of the Comptroller of the Currency (OCC) has updated risk management guidance for banks dealing with third party payments processors working for merchant clients following its probe into a scam at Wachovia which found that a lack of oversight and control allowed telemarketers to swindle thousands of elderly customers.

Nacha forms mobile banking work group

US electronic payments association Nacha has formed a new work group that will develop an ACH payment platform strategy and guidelines for mobile banking.

US m-banking numbers to soar - TowerGroup

The number of US customers using mobile banking services will accelerate over the next five years, rising from 1.1 million in 2007 to more than 40 million by 2012, according to forecasts from TowerGroup.

Wachovia introduces single sign-on for online wholesale services

US banking group Wachovia has introduced a single sign-on capability for its online global treasury management portal, Wachovia Connection, eradicating multiple silos in favour of a common front-end entry point for corporate clients.

Lloyds TSB outsources trade back-office processing to Wachovia

UK banking group Lloyds TSB has outsourced its trade back office processing operations to US bank Wachovia.

Wachovia introduces podcasts on Web site

US banking group Wachovia is using podcasting technology to deliver financial content to its corporate and institutional clients.

Wachovia to establish call centre in Philippines

US banking group Wachovia is teaming with BPO vendor Genpact to open an offshore customer services call centre in the Philippines in early 2008.

Wachovia pilots Cisco video conferencing technology

US banking group Wachovia is piloting Cisco TelePresence, a video conferencing and collaboration system that enables virtual face-to-face meetings across multiple locations.

Wachovia licenses SuccessFactors performance management software

California-based SuccessFactors says US bank Wachovia is rolling out its Web-based on-demand performance management software to over 100,000 employees.

Monitise and Metavante to establish m-banking network in US

Monitise, the mobile banking subsidiary of UK IT services group Morse, is teaming with American fintech vendor Metavante to launch and operate a wireless payments and banking network in the US.