Wachovia Corporation

Corporate

Wachovia Corporation is a leading US based global financial services provider, mainly focused on diversified financial services that includes a wide range of retail banking and brokerage services, asset and wealth management services, and corporate and investment banking products and services.
Wachovia Corporation traces its origins to the Wachovia National Bank that was set up in the small town of Winston in North Carolina, USA 1879. Today Wachovia Corporation has grown and diversified to become one of the leading financial services providers of the United States.

In 2001 First Union Corporation, another major financial services group, merged with Wachovia Corporation making it one of the largest financial services providers in the United States.

Wachovia Corporation is a Fortune 500 company.

Activities

Wachovia Corporation provides a wide range of financial services that can be classified as:

• Personal Services
  - Online services
  - Banking
  - Lending
  - Investing
  - Retirement
  - Insurance
  
• Wealth Management Services
  - Team Approach
  - Integrated Services
  - Personalized solutions
  
• Small Business
  - Online services
  - Banking
  - Lending
  - Insurance
  - Retirement
  - Investing
  - HR solutions
  
• Corporate and Institutional services
  - Asset Management
  - Benefits and Retirement Services
  - Capital Markets
  - Cash Management and Deposit Services
  - Domestic Correspondent Banking
  - Insurance
  - Insurance
  - International Banking
  - Lending and Financing
  - Risk Management
  - Sales and Trading

Performance

As one of the leading financial services providers in the United States Wachovia’s market capitalization in FY 2006 was USD 108 billion.

In FY 2006 Wachovia Corporation recorded revenues of USD 29,949 million that was 14.66 % more than what it was in the fiscal before.

The total value of the assets held by Wachovia in FY 2006 was USD 707,121 million which was 35.78 % more than what it was in the fiscal before.

The products and services offered by Woolworths can be categorized as follows:

• Cleaning & Laundry
• Cooking & Microwaves
• Phones & Fax
• Kitchen
• Fridges & Freezers
• Toasters & Grills
• Personal Care
• Kettles
• Heating & Cooling
• Ironing

The two major brands offered by Woolworths:

• Chad valley
• Lady bird

Performance

As one of the leading financial services providers in the United States Wachovia’s market capitalization in FY 2006 was USD 108 billion.

In FY 2006 Wachovia Corporation recorded revenues of USD 29,949 million that was 14.66 % more than what it was in the fiscal before.

The total value of the assets held by Wachovia in FY 2006 was USD 707,121 million which was 35.78 % more than what it was in the fiscal before.

Value of assets over the last 3 fiscals (In million USD)


Wachovia’s net income in FY 2006 was USD 7,991 million which was 20.29 % more than what it was in the fiscal before.

Net income over the last 3 fiscals (In million USD)

Assets & Infrastructure

As one of the largest financial services groups in the United States, Wachovia serves over 13 million customers. The group has:

4,100 financial centers and brokerage houses all over the United States

3,400 retail banking offices all over the United States

Organization

Wachovia is headed by Mr. G. Kennedy Thompson who is the Chairman and CEO of the company
Wachovia employs over 108,000 people

Wachovia’s corporate office is located at:

301 South College Street,
Suite 4,000,
One Wachovia Center,
Charlotte,
North Carolina 28288-0013,
USA
www.wachovia.com