"They are obsessed with conservative underwriting.... They have no subprime origination." -- CEO G. Kennedy Thompson, announcing the acquisition of giant mortgage lender Golden West Financial on May 8, 2006

On Sept. 29, 2008, Wachovia agreed to sell its bank units to Citigroup in a deal backstopped by the FDIC. The whole company was later sold to Wells Fargo instead. Not believed to be under investigation.