In July 2007, the Director General of Wachovia Corporation is pleased with the report, which shows a record of the company results for the second quarter. In the past three months, Wachovia has doubled its revenues and record earnings, mainly due to the large consumer real estate loans associated with Golden West Financial acquisition, which contributed to the growth of the bank. Golden West in transition platform Wachovia was quick and smooth, despite their cultural, geographic and product offering diversity. The Director-General was pleased that the acquisition provides new opportunities for lending that are perceived as less risky markets, particularly in the single-family home mortgages with adjustable rates. But he wondered if there were any adjustments necessary to extract the final cost of the Golden West. "Hide
on LJ Bourgeois, Dave Maher, Matt Jackson, Adam Schwarzschild Source: Darden School of Business 19 pages. Publication Date: December 23, 2008. Prod. #: UV1017-PDF-ENG
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