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Company intelligence / Profile preview
Wachovia
Charlotte, North Carolina, United States
- Ownership
- Private
- Employees
- ~120000
- Development stage
- Other
01
Overview
Wachovia was a major American financial services company that operated as a diversified bank providing retail and commercial banking, wealth management, and investment banking services. Headquartered in Charlotte, North Carolina, it was once the fourth-largest bank holding company in the United States based on total assets. During the financial crisis of 2008, Wachovia was acquired by Wells Fargo & Company in a significant all-stock transaction. While the firm was not a life sciences company, its investment banking division was a prominent provider of capital and advisory services to the healthcare and biotechnology sectors.
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