Wachovia
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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?

Wachovia Presentation Transcript

  • 1. 10 THINGS YOU NEED TO KNOW By: Rena Heard
  • 2. 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
  • 3. Customers/Clients 2
    • 15 million households and businesses
    •  16.1 million online product and service enrollments
    • 5.3 million active online customers.
  • 4. Current Events 3
    • WACHOVIA REPORTS 3RD QUARTER LOSS
    • Wells Fargo acquires Wachovia
    • https://www.wachovia.com/inside/page/0,,131,00.html
  • 5. 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
  • 6. 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
  • 7. 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
  • 8. Image 7
    • Hurt or Help?
    • http://marketplace.publicradio.org/display/web/2008/09/29/wachovia_buyout/
  • 9. Community 8
    • Improving Education
    • Building Neighborhoods
    • https://www.wachovia.com/inside/page/0,,139,00.html
  • 10. Careers 9
    • Corporate Administration
    • Marketing and Product Development
    • Risk Management
    • https://www.wachovia.com/inside/page/0,,137,00.html
  • 11. Customer Service 10
    • Always available
    • Web user friendly
    • https://www.wachovia.com/inside/page/0,,1051_2180,00.html
  • 12. Thank YOU!