Summary
A collection of news and information related to Golden West Financial Corporation published by Tribune Company sources.
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22 items on Golden West Financial Corporation
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Banks jolt market with heavy losses
A surprisingly large second-quarter loss at Wachovia Corp. has quickly revived Wall Street's concerns that the financial sector still has a long way to go before it recovers from the year-old credit crisis.
Investors received a cold wake-up call when...Tags: Employees, Regions Financial Corporation, SunTrust Banks Incorporated, Quarterly or Semiannual Financial Statements, North Carolina
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Financial Sector Concerns Are Revived
Associated PressA surprisingly large second-quarter loss at Wachovia Corp. has quickly revived Wall Street's concerns that the financial sector still has a long way to go before it recovers from the year-old credit crisis. Investors got a cold wake-up call when...Tags: Connecticut, Employees, Regions Financial Corporation, SunTrust Banks Incorporated, Quarterly or Semiannual Financial Statements
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Wachovia cuts dividend again
Wachovia Corp., the Lehigh Valley's largest bank by deposits, announced Tuesday it lost $8.9 billion in the second quarter, is slashing its dividend and eliminating 10,750 positions nationwide after losses tied to mortgages grew. Wachovia's new chief...Tags: Metal and Mineral, Employees, Corporate Officers, North Carolina, Business Enterprises
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Wachovia's 2Q loss surprises analysts
From wire reportsWachovia Corp. reported a surprisingly large second-quarter loss yesterday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. The bank said it lost $8.86 billion, is slashing its dividend and eliminating 10,...Tags: Business Enterprises, Metal and Mineral, Wachovia Corp., Mergers, Acquisitions and Takeovers, Investment Service
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Wachovia names Treasury Undersecretary Robert Steel as chief executive
From the Associated PressWachovia Corp., the fourth-largest U.S. bank, named Treasury Undersecretary Robert K. Steel chief executive Wednesday, ending a nearly six-week search for a new leader. The Charlotte, N.C.-based bank also said it had set aside $4.2 billion pretax to...Tags: Metal and Mineral, The Goldman Sachs Group Incorporated, Wachovia Corp., Corporate Officers, North Carolina
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To the rescue BANKING ON CHANGE
Of The Associated PressOn his first day as the new chief executive officer of Wachovia Corp., Robert Steel saw the stock tumble to a 17-year low and faced questions about his ability to rescue the nation's fourth-largest bank from its own missteps and the roiling credit market....Tags: Metal and Mineral, Credit and Debt, Mergers, Acquisitions and Takeovers, Corporate Officers, Quarterly or Semiannual Financial Statements
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Wachovia names Treasury official Robert Steel as CEO
Wachovia Corp. named Treasury undersecretary Robert Steel as chief executive Wednesday. Steel, 56, worked at Goldman Sachs Group Inc. from 1976 to 2003. He replaces interim CEO Lanty Smith, 65, the board chairman who led the Charlotte-based company after...Tags: Metal and Mineral, The Goldman Sachs Group Incorporated, Wachovia Corp., Corporate Officers, Management Change
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New Wachovia CEO takes on big challenges
The Associated PressRobert Steel has his work cut out for him and he knows it. The former Treasury Undersecretary and Goldman Sachs Group Inc. executive, who took over as CEO of Wachovia Corp. on Thursday, has wasted no time in acknowledging the difficulties that lay...Tags: The Goldman Sachs Group Incorporated, Wachovia Corp., Corporate Officers, North Carolina, Mortgages
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Wachovia picks Treasury official as its chief
The Associated PressWachovia Corp., the nation's fourth-largest bank, named Treasury Undersecretary Robert Steel its chief executive Wednesday, ending a nearly six-week search for a new leader. The Charlotte-based bank also said it has set aside $4.2 billion pretax to cover...Tags: The Goldman Sachs Group Incorporated, Wachovia Corp., Quarterly or Semiannual Financial Statements, North Carolina, Management Change
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Wachovia Abandons Risky Mortgage Option
Beleaguered consumer bank Wachovia Corp. said Monday it will quit offering a mortgage payment option that allows borrowers to pay less each month than the bank charges in interest. The choice to pay less was one of the options of Wachovia's controversial...Tags: California, Wachovia Corp., North Carolina, Financial and Business Services, Mortgages
Jul 23, 2008
|Story| Hampton Roads Daily Press
Jul 23, 2008
|Story| Associated Press
Jul 23, 2008
|Story| Allentown Morning Call
Jul 23, 2008
|Story| Baltimore Sun
Jul 10, 2008
|Story| Los Angeles Times
Jul 11, 2008
|Story| Allentown Morning Call
Jul 10, 2008
|Story| Chicago Tribune
Jul 13, 2008
|Story| South Florida Sun-Sentinel
Jul 10, 2008
|Story| Orlando Sentinel
Jul 1, 2008
|Story| Hartford Courant
