In July 2007, Wachovia Corporation’s CEO is a report that the company shows record second quarter results, satisfied. In the past three months, Wachovia has doubled its profit and achieved record sales, mostly due to the large consumer real estate loans related to the acquisition of Golden West Financial, which has contributed to the growth of the bank. The transition from Golden West to Wachovia platform was fast and smoothly, despite their cultural, geographic and product off … Read more »

In July 2007, Wachovia Corporation’s CEO is a report that the company shows record second quarter results, satisfied. In the past three months, Wachovia has doubled its profit and achieved record sales, mostly due to the large consumer real estate loans related to the acquisition of Golden West Financial, which has contributed to the growth of the bank. The transition from Golden West to Wachovia platform was fast and smoothly, despite their cultural, geographic and product supply differences. The CEO has been suggested that the acquisition of new opportunities for lending made available in what is considered less risky markets, particularly single-family mortgages with variable rates perceived. But he wondered whether any adjustments necessary to extract the final value of Golden West.
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from
L.J. Bourgeois,
Dave Maher,
Matt Jackson,
Adam Schwarzschild
Source: Darden School of Business
19 pages.
Release Date: 23 December 2008. Prod #: UV1017-PDF-ENG
Integration of Wachovia and Golden West (A) HBR case solution

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