wachovia

Still reeling from jobs losses following Wells Fargo & Co.'s (WFC) purchase last year of ailing banking giant Wachovia, the city of Charlotte, N.C., could lose at least one other high-profile banker's job -- the chief executive's post at Bank of America Corp. (BAC). Having difficulty finding a...

The dam is breaking. Just a few days after Bank of America and Chase announced that they're revamping the way they charge for overdrafts, Wells Fargo and U.S. Bank are getting in on the action. Wells Fargo, which owns Wachovia Bank, will no longer have overdraft fees for people who overdraw their...

While there's a lot to dislike about the banking system, there's a trend among banks that is positive: encouraging customers to save money. And yet -- and I hate to be negative on something that seems to scream for a positive reaction -- I sense some serious problems with these programs. Not...

It was a Sunday morning, in Hyattsville, Md., right about 10:30 a.m., and not exactly the time you would expect your purse to be stolen from your car while you're paying for gas. But that's what happened to Harrine Freeman, igniting a nightmarish plunge into the murky waters of identity theft.Of...

A lot of people are having a tough time paying their taxes these days, but that's still not likely to generate much sympathy for the former Wachovia bank in Shoemakersville, Pennsylvania. After the branch -- the rural town's only bank -- closed last month, an enterprising local reporter started...

As people shift from using credit cards to debit cards, banks need to find new ways to sock it to them. And it looks like they may have found one: higher checking fees. If you're not careful, these fees can add up to hundreds of dollars before you even know they hit you. To wit: * Bank of America...

Wells Fargo & Co. (WFC) today became the latest financial institution to report record-setting earnings. Not all of the "records," however, are good. Net income at the San Francisco-based company soared to $3.05 billion, or 56 cents a share, in the first quarter, up 53 percent from $1.99...

Every major U.S. bank is rallying like mad on the heels of Wells Fargo (WFC) reporting that it made a profit in the first quarter. WFC shares have spiked up 23 percent to $18.50 in early trading. The financial firm said it expects to report record net income of approximately $3 billion for first...

It's a bad time to be a bank. With jobs failing, homeowners struggling, and inflation putting even basic necessities out of the reach of many consumers, some banks are scrambling just to stay afloat. The government is helping, but even with Treasury Secretary Paulson's massive influx of money,...

Earlier this month I took a look at Bank of America's saving plan, called Keep the Change, which didn't live up to the hype, due mostly to the abysmally low interest rate that your saved change earned.One of the commentators shared why they thought Bank of America's plan was worthwhile, including...