Wachovia

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened: On this day in 2008, the Federal Deposit Insurance Corporation seized control of Wachovia. Where The Market Was: The Dow closed at 11,143.13 and the S&P 500 traded at 1,213.27....

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On May 31, 2007, Wachovia bought A.G. Edwards for $6.8 billion. Where The Market Was: The Dow closed at 13,627.64. The S&P 500 traded at around 1,530.62. What Else Was Going...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Oct. 22, 2008, Wachovia Bank stunned Wall Street by reporting a $23.9 billion quarterly loss. Where The Market Was: The Dow Jones Industrial Average traded at 8,519, and the S...

Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return for the decade was 250.5%. But there’s no question some big-name stocks didn’t keep pace along the way. Wells Fargo’s Difficult Decade One market...

Former NFL linebacker Na’il Diggs recently wrote very candidly for SI.com about his financial struggles during and after his playing career, and why so many highly-paid NFL players end up broke after they retire. Diggs attributes, in part, the irresponsible financial behavior many players...

In part 1 of this article, we discussed the importance of liquidity and premium/discount for preferred stocks. In this second part, we will discuss the different types of preferred stocks, and their ties to interest rates. 3) Types of preferred stocks Generally, there are three types of preferred...