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Wachovia Corp.

Headquarters : 100 N. Main St. Winston-Salem, NC 27150 United States of America United States of America web www.wachovia.com tel. 704-374-6161 stock : WB analytics

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« Ethical » rating of Wachovia Corp. , group and subsidiaries

Human 1 Jobs -13% /1998 Fraud 6 Offshore 12 Sales 29 Bn $.€ /year Profit 22 Bn $.€ /1998 Wage 2083 *min. Influence 4 Infocom 2
[click on the rating for the method or on the number for the data]

year
business
source
2008Wachovia is the sixth-largest bank in the United States by assets.Bloomberg
2006Seventh-largest private bank in the world. A private bank is reserved to fortunes larger than 1 million dollars.Les Echos
2005Wachovia is the fourth-largest bank in the United States.Bloomberg
2003Wachovia provides 3,9% of the Retail bank services bought in the United-States.Les Echos
» More business descriptions and market shares for Wachovia Corp..
country
address & contact : production type
incentive source
Cayman Islands Cayman Islands
WSH Holdings, Ltd :
Offshore finance, secret bank account, tax haven, shell companies or free zone(s)

  • Environmental impact

year name
photo position; compensation
source
2007Thompson, Kennedy
See the photo of: Thompson, Kennedy Chief Executive Officer; salary: 24 million US$;
Les Echos
2002Lehman, Karen
See the photo of: Lehman, Karen Chief Financial Officer;
2002McCoy Jr, Robert
See the photo of: McCoy Jr, Robert Vice-president;
2002Thompson, G. Kennedy
See the photo of: Thompson, G. Kennedy Chief Executive Officer; salary: 7,88 million US$;
1998Jr, Leslie M Baker
See the photo of: Jr, Leslie M Baker Chief Executive Officer; salary: 1,64 million US$;
Forbes
year
employees
<>
social impact : country
source
2008
120000
-6350
Internal restructuring: United States of America
Les Echos
2007
-4000
Internal restructuring:
2003
86670
2002
80778
2002
-1000
AP
2001
84046
2001
-7000
AP
1999
20936
year
employees
<>
social impact : country
source
 8 informations, access to subscribers
year
country : description
2001United States of America : Money laundering: correspondant shell banksBloomberg

  • Subsidy

yearfinancial misdemeanorsalesincomeassets source
2008 Wall Street banks are settling claims stemming from a nationwide investigation into allegations banks peddled 15 billion dollars worth of auction-rate securities as investments that were as liquid as cash. After the financial crisis began in 2007, investors were unable to sell the securities. UBS, Citigroup, Morgan Stanley, JPMorgan Chase and Wachovia and three other Wall Street banks will pay $360 million in fines.     Bloomberg
2006   29,367,79   billion US$
2006 Wachovia agreed to pay a $125.000 fine to settle charges of widespread abuses in the auction rate market for municipal and corporate bonds. Between January 2003 and June 2004, the firms were involved in improper placement and manipulation of orders and also provided some customers with information giving them an advantage over others in determining what rate to bid.     Reuters
2004   28,075,21   billion US$
2004 Overbilled pension funds investors: global fine of 21,5 million US dollars     Reuters
2003 Prudential Securities brokers charged with for allegedly engaging in improper market-timing trades in mutual funds     Economic Times
2002   23,593,58   billion US$
2002 «Dead peasant insurance»: secretly bought life insurance on employees with the company as beneficiary for investment and tax purposes: tax-free investment income, tax deductions on interest paid on loans against the policy, tax free death benefits.     Washington Post
2001   22,41,62   billion US$
2000   24,250,09   billion US$
1999   22,083,22   billion US$
1998   4,660,87   billion US$
1998   33,6  billion US$
yearfinancial misdemeanorsalesincomeassetsbuybacksource
 13 informations, access to subscribers
year
purpose : intermediary/lobby : institution
source
1998Regulation favorable to company's interests : Contribution to Candidate's Political Action Committee : amount: 20 thousand US$ : US President, Congress, Senate translateCenter for Responsive Politics
1998Regulation favorable to company's interests : Contribution to Candidate's Political Action Committee : amount: 12 thousand US$ : US President, Congress, Senate translateCenter for Responsive Politics
1998Regulation favorable to company's interests : Contribution to Candidate's Political Action Committee : amount: 44 thousand US$ : US President, Congress, Senate translateCenter for Responsive Politics
» More influence from Wachovia Corp.
» Influence in 2007
year
purpose : intermediary/lobby : institution
source
 3 informations, access to subscribers
» More influence from Wachovia Corp.
» Influence in 2007
year
dubious practice : image
source
2007Mishandling of private data: Wachovia is fighting a lawsuit accusing it of letting fraudulent telemarketers use its accounts to bilk millions of dollars from consumers. The plaintiffs accused Wachovia of allowing some "payment processors" to create authorized, unsigned checks on behalf of telemarketers to withdraw funds from customer accounts between 2003 and 2006. They also accused Wachovia of trying to win or retain business from companies that it knew were accused of telemarketing fraud, despite being alerted by other banks about the deceptive activity.: Reuters
2006Mishandling of private data: Dishonest insiders stole 676 000 personal bank accounts data.: Privacy Rights


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