The Big Gamble
- Wells' Kovacevich to Stay for 'Interim' Davis, Paul // American Banker;11/4/2008, Vol. 173 Issue 213, p20
The article reports that Richard Kovacevich, chairman of banking company Wells Fargo & Co., will not resign until after his company completes its purchase of banking company Wachovia Corp. The board of directors agreed to let Kovacevich remain in his position until after the buyout, even though...
- Wells' Kovacevich Stepping Down; Reins to Stumpf. Monks, Matthew // American Banker;9/23/2009, Vol. 174 Issue 177, p2
The article announces that Richard Kovacevich is stepping down as chairman of Wells Fargo & Co.
- For Wachovia's CEO, No Contract. Davis, Paul // American Banker;12/27/2005, Vol. 170 Issue 246, p20
Reports that Wachovia Corp.'s Chief Executive Officer G. Kennedy Thompson and Wells Fargo & Co.'s CEO Richard Kovacevich have terminated their employment agreements. Mr. Thompson's salary and incentive pay will be decided by the board of directors. Information is given about the agreements and...
- Wells Fargo's NEW STAGE. Oliver-Mendez, Ken // Caribbean Business;5/16/2002, Vol. 30 Issue 20, p20
Interviews Richard Kovacevich, Chairman and Chief Executive Officer of Wells Fargo Bank, a company that processes mortgage applications in Puerto Rico, on the state of the economy and the financial industry in the U.S. Optimism about the economy since the terrorist attacks on September 11,...
- Kovacevich: Corporate America must take ownership for accuracy of financial statements. Carmona, Jose L. // Caribbean Business;5/16/2002, Vol. 30 Issue 20, p21
Presents comments from Richard Kovacevich, Chairman and Chief Executive Officer of Wells Fargo Bank, on the lack of responsibility from corporate America for accuracy of its financial statements. Need for a policing system to be enforced to solve the problems of misreported financial statements.
- A look at the man: Richard M. Kovacevich. K.O.M. // Caribbean Business;5/16/2002, Vol. 30 Issue 20, p23
Profiles Richard M. Kovacevich, Chairman and Chief Executive Officer of Wells Fargo Bank, the fifth largest bank holding company in the United States. Career and educational backgrounds.
- Citi to Wachovia: Not So Fast. Schachter, Ken // Red Herring;10/3/2008, p5
The article reports on a claim by Citigroup that the merger of Wachovia with Wells Fargo violates their exclusivity agreement. A statement issued by Citigroup cited substantial legal rights, which suggested the New York bank could mount a court challenge to the rival deal. To finance the merger...
- Citi Walks. // National Mortgage News;10/13/2008, Vol. 33 Issue 4, p1
The article reports on the decision of Citigroup Inc. to drop its bid for the banking company Wachovia Corp. in North Carolina. The decision will enable Wells Fargo & Co. to push through an agreement to acquire Wachovia, giving Wells Fargo a major deposit base in the region. At the same time,...
- Wells Fargo Ready to Take Over Wachovia; Citi Quits Talks. HERMAN, JACK // Bond Buyer;10/14/2008, Vol. 366 Issue 32981, p6
The article reports that Wells Fargo & Co. will acquire Wachovia Corp. following Citigroup Inc.'s decision to walk out of negotiations with the banks. Wells Fargo hopes to complete the deal by the end of 2008 without government support. Wells Fargo chairman Dick Kovacevich acknowledged that the...