Banking, finance, and taxes
Wachovia (WB) Names CEO, Still In Deep Trouble
Published:
Wachovia (WB) named a former Treasury official as its CEO. Robert Steel most recently served as undersecretary for domestic finance for the U.S. Department of the Treasury according to Reuters. He has also been a vice chairman at Goldman Sachs (GS).
The bank’s announcements did not end with that. The company said credit, mortgage and legal problems will result in a $2.6 billion to $2.8 billion second-quarter loss.Wall St. expected the numbers to be better.
WB trades at $14.29, well below its 52-week low of $53.10.
Douglas A. McIntyre
Travel Cards Are Getting Too Good To Ignore
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
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