Wachovia to Buy Third-Party Securities Lender MetWest
- Wachovia Announces Deal For MetWest Securities. Boraks, David // American Banker;10/23/2003, Vol. 168 Issue 204, p20
In another move to expand its institutional asset management business, Wachovia Corp. said Wednesday that it would buy Metropolitan West Securities LLC, a third-party securities lending agent that also manages short-term fixed-income assets. Metropolitan West Securities has been Wachovia's...
- Wachovia Unit Pick Of N.Y. Pension Plan. Ackermann, Matt // American Banker;11/28/2006, Vol. 171 Issue 227, p7
This article reports that Wachovia Corp.'s securities lending business has been selected as the third-party securities lending agent for the New York State Teachers' Retirement System. Metropolitan West Securities LLC will supply lending services for $54 billion of equity securities. New York...
- Wachovia to Acquire J.L. Kaplan. Ackermann, Matt // American Banker;9/25/2002, Vol. 167 Issue 184, p20
Reports that Wachovia Corp.'s asset management unit has signed an agreement for the acquisition of an Boston, Massachusetts-based asset management firm J.L. Kaplan Associates LLC for institutional and wealthy clients. Expected time for the closure of the deal; Delivery of small-and mid-cap...
- Evergreen Buys Control of U.K. Firm. Ackermann, Matt // American Banker;2/5/2007, Vol. 172 Issue 24, p6
The article reports on an announcement from Evergreen Investments that the company has completed its acquisition of a majority interest in the privately held European Credit Management Ltd. of London, England. The combined organization has nearly $300 billion of assets under management....
- Retail-Focused Wachovia Exits Corporate Trust. Davis, Paul // American Banker;11/30/2005, Vol. 170 Issue 228, p1
The article reports that Wachovia Corp.'s desire to refocus on its consumer businesses is reflected in its decision to sell its corporate trust and institutional custody businesses to U.S. Bancorp. Details of the deal are discussed. Comments from the president of Wachovia's capital management...
- Al Gore: On the shorts' list. Serwer, Andy // Fortune;12/24/2001, Vol. 144 Issue 13, p165
This article provides information on the services being provided by Los Angeles, California-based investment company Metropolitan West (MetWest). The company has over U.S. $ 50 billion of assets and is a major player in the arcane business of securities lending. Security lending is what...
- Wachovia Names 3 Second-Level Execs. Boraks, David // American Banker;10/17/2001, Vol. 166 Issue 199, p20
Reports on merging leadership of Wachovia Corp. from First Union Corp. Additional of three more second-level executives; Appointment of Bill Dawson as chief risk officer for capital and wealth management; Appointment of Bill Langley to chief compliance officer.
- Spate of Big Bank Mergers to Continue. Friedlander, Josh // Investment Dealers' Digest;6/28/2004, Vol. 70 Issue 26, p47
Reports on the plan of Wachovia Corp. to acquire SouthTrust Corp. in the U.S. Impact of continued consolidation on the banking sector; Total amount of the acquisition; Services offered by the companies.
- Wachovia Big Buyer of First Union Stock. Boraks, David // American Banker;8/15/2001, Vol. 166 Issue 157, p20
Reports the purchasing of shares in First Union Corp. by Wachovia Corp. Opposition of SunTrust Banks Inc. to the plans for a merger between Wachovia and First Union; Amount of purchased shares; Buyback of shares by First Union.