BANGALORE, June 2 (Reuters) - Wachovia Corp ousted Ken Thompson as chief executive of the fourth-largest U.S. bank in the wake of growing legal troubles and loan losses tied to the purchase of a ...

Wachovia's troubles with the housing slump have been compounded by its 2006 acquisition of California-based Golden West, a $24 billion deal whose timing, Thompson has admitted, "was not the best." ...

CHARLOTTE, N.C. - Less than a month after losing his chairman post, and more than two years after an ill-timed acquisition of California mortgage lender Golden West Financial Corp., Wachovia ...

Wachovia Forces Out CEO Ken Thompson. This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will ...

In what Wachovia chairman and chief executive Ken Thompson described as a "compelling" transaction, the brokerage units of both companies will be merged to form a new Richmond, Va.-based firm.

Wachovia Corp. fell to the lowest since July 1995 after the bank ousted Chief Executive Officer Ken Thompson, signaling the company may report a second- quarter loss. Wachovia, the nation's fourth ...

Wachovia CEO Ken Thompson made the PR rounds earlier today, granting a wide-ranging interview to the Associated Press in which the chief executive of the fourth largest bank in the U.S. affirmed ...

Ken Thompson had made a commitment to keep 3,000 Wachovia jobs in Winston-Salem. But ultimately, Thompson, the bank's CEO, couldn't hold onto his own job. His ouster was announced Monday.

CHARLOTTE, N.C. (AP) -- As a brutal year in the financial-services industry comes to a close, Ken Thompson believes Wachovia Corp. WB, +2.41% is prepared to weather the storm in the nation's ...

Wachovia Corp. chief executive Ken Thompson was pushed out Monday as head of the nation's fourth-largest bank, becoming the latest financial services executive to be ousted amid turmoil in the U.S ...