Those trends are saddling big lenders with hefty losses. Just a year ago, CEO Ken Thompson sounded certain that Wachovia would avoid that fate. Asked his views of possible regulation of so-called ...

NEW YORK (CNNMoney.com) -- Wachovia Corp. Chief Executive Ken Thompson became the latest casualty of the credit crunch on Monday when he stepped down under pressure from the bank's board.

Wachovia Corp. chief executive Ken Thompson was pushed out Monday as head of the nation’s fourth-largest bank, becoming the latest financial services executive to be ousted amid turmoil in the U ...

Big firms are slowly dismantling their financial supermarkets. Not Ken Thompson, who's moving Wachovia into the front ranks of the nation's banks. Of the names bandied about as potential suitors ...

Just as swiftly, the focus of First Union Chairman Ken Thompson and Wachovia Chairman L.M. “Bud” Baker Jr. now has shifted from simply clearing the way for the merger to figuring out what will ...

Ken Thompson has retired as CEO of Wachovia Corp. at the request of the bank's board, which has named Chairman Lanty Smith as interim CEO. Company veteran Ben Jenkins, who is president of the ...

When it comes to his mergers-and-acquisitions strategy, Ken Thompson, chief executive of Wachovia Corp., doesn't mince words. Buy small brokerage firms? Sure. Investment banks? We're fine ...

Charlotte-based LendingTree has a new shareholder: Former Wachovia CEO Ken Thompson, who is shown here in a 2008 file photo. Chuck Burton ASSOCIATED PRESS Charlotte-based LendingTree has a new ...

(See: "Wachovia Goes To The Money Well") Wachovia Chief Executive Ken Thompson Ken Thompson said that although he's disappointed with the company's first-quarter results, which he blamed on "the ...

Wachovia CEO Ken Thompson made the PR rounds earlier today, granting a wide-ranging interview to the Associated Press in which the chief executive of the fourth largest bank in the U.S. affirmed ...

"Once again our team delivered double-digit earnings growth," said Ken Thompson, Wachovia chairman and chief executive. "Our focus on cost control and risk management continues to provide ...

Many of the job cuts would be done through attrition, said Ken Thompson, Wachovia’s chief executive, chairman and president. Wachovia would get SouthTrust’s 60 branches in Texas, which ...