NEW YORK (CNNMoney.com) -- Wachovia Chairman and CEO Ken Thompson defended plans to raise $7 billion in capital through a stock offering announced Monday, citing fears of a protracted downturn in ...

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.

Less than a month after losing his chairman post, Ken Thompson is out as Wachovia’s chief executive officer as the Charlotte, N.C., bank wrestles with mounting losses from its troubled Golden ...

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 ...

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 ...

Wall Street analysts say the ouster of Ken Thompson as Wachovia Corp. chief executive could lead to a sale of the bank, with JP Morgan Chase & Co. identified as the most likely buyer. Even without ...

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 ...

"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 ...

CHARLOTTE, N.C. -- 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 ...