目录

1美联银行简介2Corporateinformation3Corporatehistory4Acquisitionssince20015美联银行企业及投资银行集团简介

美联银行简介

2008年9月29日，美国花旗集团宣布，该公司已在联邦储蓄保险公司的协助下与原美国第四大商业银行美联银行达成原则性收购协议，花旗集团将以总价530亿美元的价格收购后者。根据协议，花旗以换股以及购买对方债务的方式收购美联银行，花旗将支付给美联银行21.6亿股股票。美国联邦储蓄保险公司将为花旗的收购提供保护。2008年10月04日WachoviaCorp.同意作价154亿美元将自身出售给富国银行(WellsFargo&Co.)，此项交易无需政府帮助。这一交易的达成使此前在联邦政府支持下的花旗集团收购案破裂。

美联银行(WachoviaCorporation）目前是美国第四大银行，总资产为7830亿美元（2007年），总部位于北卡罗来纳州夏洛特。美国银行业目前名列前三位的银行分别是花旗银行、摩根大通和美国银行。

美联银行（纽约证券交易所代码：WB）是美国最大的多样化金融服务公司之一，向1340万个家庭和企业客户提供银行业务、资产管理、财富管理、企业及投资银行业务产品及服务。美联银行作为WachoviaBank在15个州（从康涅狄格州到佛罗里达、西到得克萨斯州）的3,131个办事处运营，在兼并整合活动完成前，该公司作为加州WesternFinanCIAlBank运营。美联银行证券品牌名下运营的两个核心业务包括：在49个州和6个拉丁美洲国家中的零售代理业务，以及在美国精选行业中的企业及投资银行业务。在全球，美联银行通过40多个国际办事处为客户服务。

CoreStatesFinancialCorporation,headquarterEDInPhiladelphia,wasacquiredbyFirstUnioninAPRil1998.AtthetIMe,thiswasthelargestmergerinUSbankinghistory.Thecompanytraceditshistoryto1781,whenthefirstbankintheUnitedStateswaschartereDASBankofNorthAmerica.

AftertheFirstUnion-CoreStatesmerger,FirstUnionbeganclaiminga1781foundingDATe.TheBankofNorthAmerica'sfirstbranch,oPEnedin1782,isstilloperatedbyWachoviatoday,makingitthelongestcontinuouslyoperatedbranchinAmerica.

ThisacquISItionwasburdenedwithmanyproblems.ManyoftheseproblemsarosewhenFirstUnionattempteDTorapidlyintegrateCoreStates'systemsintoFirstUnion's.CoreStatestellersdidnotreceivesuffICIenttrainingwiththenewsystemsaNDFirstUnionandCoreStates'systemswereunableTOCommuNICatewithEAChother.ThisledtosuchproblemSASaCCOuntaccessissuesandpaymentsnotbeingcorrectlyappliedtoloans.

TheMoneyStore

OnJune30,1998,FirstUnionpaid$2.1BIllionforTheMoneyStore,aloanoutfitknownfortheircommercialsfeaturingBaseballHallofFameshortstopPhilRizuttoandPitcherJimPalmer.Twoyearslater,itclosedtheunit,writingoff$1.7billion.

MergerofFirstUnionandWachovia

OnApril16,2001,CharlOTTebasedFirstUnionCorporationannounceditwoulDMergewithWinston-SalEMBAsedWachoviaCorporation.Thiswasviewedwithgreatsurprisebythefinancialpressandsecurityanalysts.WhileWachoviahadbeenviewedasanacquISItioncandidateafterrunningintoproblemswithearningsandcreditqualityin2000,thesuitorshockedanalystsasmanyspeculatedthatWachoviawouldbesoldtoSunTrust.

Asanimportantpartofthedeal,FirstUnionwouldsheditsnameandassumedtheWachoviaidentityandstockticker.AnalystssaidthISMovewasmostlikelytohelPFIrstUnionacquireanewidentity,asWachovia'sreputationwasfarbetterwithconsumersthanFirstUnion.Atthesametime,Wachovia'snameandcorporateidentitywouldsurvive.

Thedealwasmetwithcriticismanddoubtbyseveralgroups.AnalystswereconcernedofFirstUnion'sabilitytomergewithanotherlargecompanybecauseoftheCoreStatesdeal.CITizensandpoliticiansofWinston-SalemsufferedfromahurtoftheirCIVicpridebecausetheCITywouldloseWachovia'scorporateheadquarterstoCharlotte,partlybecauseWinston-SaleMISamuchsmallercitythanCharlotte.ThecityofWinston-Salemwasconcernedbothbyjoblossesbythemoveandthelossofstaturefromlosingacorporation.FirstUnionwasalarmedbythepotentialdepositattritionandcustomerlossinthecity.FirstUnionrespondedtotheseconcernsbyplacingthewealthmanagementandCarolinas-regionheadquartersinWinston-Salem.

OnMay14,2001,Atlanta-basedSunTrustannouncedarivaltakeoverbidforWachovia,thefirsthostiletakeoverattemptinthebankingseCTOrinmanyyears.Initsefforttomakethedealappealtoinvestors,SunTrustarguedthatitwouldprovideasmoothertransitionthanFirstUnionandofferedahighercashpriceforWachoviastockthanFirstUnion.

Wachovia'sboardofdirectorsrejectedSunTrust'sofferandpledgedtocontinueitsmergerwithFirstUnion.SunTrustcontinueditshostiletakeoverattempt,andabitterbattlebetweenSunTrustandFirstUniontookplaceoverthesummer.BothbanksincreasedtheiroffersforWachovia,tookoutnewspaperads,mailedletterstoshareholders,andinitiatedcourtbattlestochallengeEAChother'stakeoverbids.

OnAugust3,2001,WachoviashareholderSAPprovedtheFirstUniondeal.TheyrejectedSunTrust'sattemptstoelectanewboardofdirectorsforWachovia,andthus,endedSunTrust'shostiletakeoverattempt.

AnothERProblemconcernedeachbank'screditcarddivision.InApril2001,Wachoviaagreedtosellits$8billioncreditcardportfoliotoBankOne.Thecards,whichwouldhavestillbeenbrandedasWachovia,wouldhavebeenissuedthroughBankOne'sFirstUSAdivision.FirstUnionhadsolditscreditcardportfoliotoMBNAinAugust2000.Afterenteringintonegotiations,thenewWachoviaagreedtobuybackitsportfoliofroMBAnkOneinSeptember2001andresellittoMBNA.WachovIAPaIDBankOnea$350milliontERMinationfee.

OnSeptember4,2001,FirstUnionandWachoviaofficiallymergedtoformthenewWachoviaCorporation.InordertopreventarepeatoftheCoreStatesfiasco,thenewWachoviatooKAdeliberatelylongperiodoftimetocombinethebankingoperationsofthenewcompany.Overaperiodofseveralyears,legacyWachoviacomputersystemswereconvertedtoFirstUnionsystems.ThecompanyfirstbeganconvertingsystemsinthesoutheastUnitedStates(wherebothbankshadbranches)beforemovingtotheNortheast,whereFirstUnionbranchesonlyhadtochangetheirsignstoreflectthenewcompanynameandlogo.ThISProcessofficiallyendedonAugust18,2003,almost2yearsafterthemergertookplace.

IncomparISOntotheCoreStatespurchase,themergerofFirstUnionandWachoviahasbeenasuccess.Thecompany'sslowstrategytocombineseemstohavepreventedlargecustomerattritionrates.Infact,everyyearsincethemerger,WachoviahasbeenrankednumberoneincustomersatisfactionamongmajorbanksbytheUniversityofMichigan'sannualAmericanCustomerSatisfactionIndex.

WhenWachoviaandFirstUnionmerged,themultipleskyscraperswithFirstUnion'snaMECameunderWachovia'sname.Charlotte,NorthCarolina'sOne,Two,Three,andFourFirstUnionbuildingsbecameOne,Two,Three,andFour,WachoviaCenter(respectively),andthe55-storyFirstUnionFinancialCenterindowntownMiamibecametheWachoviaFinancialCenter.ThemergeralsoaffectedthenamesoftheindoorprofessionalsportsarenasinPhiladelphiaandWilkes-Barre,Pennsylvania.FormerlyknownastheFirstUnionCenterandtheFirstUnionSpectrum(bothPhiladelphia)andFirstUnionArena(Wilkes-Barre),theyarenowknownastheWachoviaCenter,WachoviaSpectrum,andWachoviaArenaatCaseyPlaza.

Acquisitionssince2001

PrudentiaLSEcurities

WachoviaSecuritiesandthePrudentialSecuritiesDivisionofPrudentialFinancial,Inc.combinedtoformWachoviaSecuritiesLLConJuly1,2003.Wachoviaowns62%ofthisentity,whilePrudentialFinancialowns38%.

MetropolitanWestSecurities

OnOctober22,2003,WachoviaannounceditwouldacquireMetropolitanWestSecurities,anaffiliatecompanyofMetropolitanWestFinancial.Thisacquisitionaddedaportfolioofover$50billionofsecuritiesonloantotheWachoviaGlobalSecuritiesLendingdivision.

OnNovember1,2004,WachoviacompletedtheacquisitionofBirmingham,AlabAMA-basedbankingcompetitorSouthTrustCorporation,atransactionvaluedat$14.3billion.ThemergercreatedthelargestbankinthesoutheastUnitedStates,andthefourthlargestbankintermsofholdings,andthesecondlargestintermsofnumberofbranches.Integrationwascompletedbytheendof2005.

WachoviaexpectedtocontinueasapubliclytradedcompanyandwouldretainitsretailbrokerageandEvergreenassetmanagementsubsidiaries.

TheannounCEMentdrewsoMECriticismfromWachoviastockholderswhofeltthedollar-per-sharepricewastoocheap.Someofthemplannedtotrytodefeatthedealwhenitcameupforshareholderapproval.However,institutionalinvestorssuchaSMUtualfundsandpensionfundscontrol73percentofWachovia'sstock;individualstockholderswouldhavehadtogarnerasignificantamountofsupportfrominstitutionalshareholderstoderailthesale.Also,severalexpertsincorporatedealmakingtoldtheObserverthatsuchastrategyisveryriskysincefederalregulatorshelpedbrokerthedeal.AfinanceprofessorattheUniversityofNorthCarolinaatCharlottetoldtheObserverthatifWachovia'sshareholdersvotedthedealdown,theOCCcouldsimplyseizeWachoviaandplaceitintothereceivershIPOftheFDIC,whichwouldthensellittoCitigroup.Ifthisweretohappen,theprofessorsaid,Wachovia'sshareholdersriskbeingcompletelywIPEdout.

ProposedmergerwithWellsFargo

OnOctober3,WachoviaannouncedtheentirecompanywouldinsteadbemergingwithWellsFargo.WellsFargowillpay$15.1billion--roughly$7pershare--tobuyWachovia.UnliketheCitigroupdeal,theWellsFargodealwillrequirenoassistancefromthefederalgovernment.ThecombinedcompanywillbeheadquarteredinSanFrancisco,hometoWellsFargo.However,Charlottewillbetheheadquartersforthecombinedcompany'sEastCoastbankingoperations,andWachoviaSecuritieswillremaininSt.Louis.ThreemembersoftheWachoviaboardwilljointheWellsFargoboard.Bothcompanies'boardsunanimouslyapprovedthemergeronthenightofOctober2,butthedealmuststillbeapprovedbytheshareholdersofbothcompaniesaswellasregulators.CitigrouphasalreadytakenmeasurestostoptheWellsFargo-Wachoviamerger,claimingthatWellsFargohasengagedin"tortiousinterference"withanexclusivityagreementbetweenCitigroupandWachovia.ThatagreementstatesinpartthatuntilOctober6,2008"Wachovashallnot,andshallnotpermitanyofitssubsidiariesoranyofitsortheIRRespectiveofficers,directors,[...]to[...]takeanyactiontofacilitateorencouragethesubmissionofanyAcquisitionProposal."

美联银行企业及投资银行集团简介

美联银行企业及投资银行集团为上市和非上市公司、机构投资者、金融机构和担保人社区提供全套产品和服务。投资银行和全球市场业务（固定收益、证券和研究）在美联银行证券(WachoviaSecurities)品牌下运营，通过提供全面的咨询、筹资、构建、研究和执行服务，该业务已成为资本市场的全球主力军。美联银行企业及投资银行还包括美国第三大理财服务公司以及一流的基于资产的贷款和全球代理行服务。该公司建基于鼓励向所有客户提供创新思想、资本解决方案和富有经验的意见的具有凝聚力的文化上。

美联银行证券是美联银行及其子公司旗下公司、投资银行、资本市场和机构证券业务的交易名称。这些业务通过下列机构运营：WachoviaCAPItalMarkets,LLC(WCM)、全美证券交易商协会(NASD)成员、纽约证券交易所(NYSE)和美国证券投资者保护基金(SIPC)、金融服务局(FinancialServicesAuthority)在英国批准和管制的WachoviaSecuritiesInternationalLimited以及美联银行旗下其他银行和非银行经纪人/代理商子公司（包括在香港获批有限制牌照银行并受香港金融管理局(HongKongMonetaryAuthority)管制的WachoviaBank,NationalAssociation）。