It has four segments: General Bank, Capital Management, Wealth Management, and Corporate and Investment Bank (CIB). The General Bank segment offers checking, savings, and money market accounts; time deposits and IRAs; home equity loans; residential mortgage; student and personal loans; debit and credit cards; mutual funds and annuities; commercial deposit; lending; treasury management; dealer financial services; and commercial real estate solutions.
Capital Management segment provides investment products and financial and retirement services, including retail brokerage services, such as stocks, bonds, mutual funds, fixed and variable annuities, and asset management accounts; and asset management that comprise mutual funds, advisory services, defined benefit and defined contribution retirement services, and trust services.
Wealth Management segment provides private banking, trust and investment management, financial planning, and insurance brokerage services for wealthy individuals.
CIB segment offers corporate lending, loan syndications, and commercial leasing; treasury management; correspondent banking operations; international trade services; and equity capital markets, merger and acquisition advisory services, and equity-linked products, as well as interest rate products, credit products, structured products, and nondollar products.
Wachovia operates approximately 3,300 financial centers and 700 retail brokerage offices, as well as 5,300 automated teller machines.
The company has foreign branches in Frankfurt, Hong Kong, London, Seoul, Taipei, and Tokyo; representative offices in Europe, Africa, the Middle East, Russia, Asia, Australia, New Zealand, and the Americas; and brokerage offices in Argentina, Brazil, Chile, Paraguay, and Uruguay.
Wachovia was founded in 1908 and is headquartered in Charlotte, North Carolina.
