"... Wachovia Corporation (NYSE: WB), based in Charlotte, North Carolina, is a diversified financial services holding company provided via its operating subsidiaries a broad range of banking, asset management, wealth management, and corporate and investment banking ... "
"... Wachovia provides global services through more than 40 offices around the world. Presently it is the fourth-largest bank holding company in the United States based on total assets.[5] Wells Fargo plans to acquire Wachovia for $15.1 billion in stock. The Federal Reserve approved the merger on October 12, 2008.[6]
..."
" A bank holding company is a company with significant ownership of one or more banks."
[ref] http://en.wikipedia.org/wiki/Wachovia
[ref] http://en.wikipedia.org/wiki/Bank_holding_company
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