10 Things to Know about Wachovia

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  • Citigroup's strategic acquisition of Wachovia will make Citi the largest U.S. bank by total deposits. But what will it do for Wachovia customers and shareholders?
  • 10 Things to Know about Wachovia

    1. 1. 10 THINGS YOU NEED TO KNOW By: Rena Heard
    2. 2. Background 1 <ul><li>Founded in 1879 in Winston, NC) </li></ul><ul><li>Third largest U.S. full-service brokerage firm. </li></ul><ul><li>Fourth largest bank holding </li></ul><ul><li>Full Financial services </li></ul><ul><li>117,000 </li></ul>
    3. 3. Customers/Clients 2 <ul><li>15 million households and businesses </li></ul><ul><li> 16.1 million online product and service enrollments </li></ul><ul><li>5.3 million active online customers. </li></ul>
    4. 4. Current Events 3 <ul><li>WACHOVIA REPORTS 3RD QUARTER LOSS </li></ul><ul><li>Wells Fargo acquires Wachovia </li></ul><ul><li>https://www.wachovia.com/inside/page/0,,131,00.html </li></ul>
    5. 5. Wells Fargo 4 <ul><li>#1 financial services provider </li></ul><ul><li>$609 billion in assets </li></ul><ul><li>Highest possible credit rating </li></ul><ul><li>https://www.wachovia.com/inside/page/0,,134_307^1811,00.html?DCMP=ILL-200&ATTINFO=133-1 </li></ul>
    6. 6. Company Adaptation 5 <ul><li>Remain a public company </li></ul><ul><li>Employees </li></ul><ul><li>Shareholders </li></ul><ul><li>Changes to Wachovia's board of directors </li></ul><ul><li>https://www.wachovia.com/inside/page/0,,131_5153,00.html </li></ul>
    7. 7. Customer Adaptation 6 <ul><li>Financial matters </li></ul><ul><li>Transition for customers </li></ul><ul><li>Continue banking </li></ul><ul><li>Customer service </li></ul><ul><li>http://hamptonroads.com/2008/09/qa-what-does-wachovia-buyout-mean-you </li></ul>http://mm.news-record.com/drupal/files/imagecache/zoom_view/files/Images/Earns_Wachovia_NCCB202.jpg
    8. 8. Image 7 <ul><li>Hurt or Help? </li></ul><ul><li>http://marketplace.publicradio.org/display/web/2008/09/29/wachovia_buyout/ </li></ul>
    9. 9. Community 8 <ul><li>Improving Education </li></ul><ul><li>Building Neighborhoods </li></ul><ul><li>https://www.wachovia.com/inside/page/0,,139,00.html </li></ul>
    10. 10. Careers 9 <ul><li>Corporate Administration </li></ul><ul><li>Marketing and Product Development </li></ul><ul><li>Risk Management </li></ul><ul><li>https://www.wachovia.com/inside/page/0,,137,00.html </li></ul>
    11. 11. Customer Service 10 <ul><li>Always available </li></ul><ul><li>Web user friendly </li></ul><ul><li>https://www.wachovia.com/inside/page/0,,1051_2180,00.html </li></ul>
    12. 12. Thank YOU!

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