10 Things to Know about Wachovia
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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 10 Things to Know about Wachovia Presentation Transcript

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