Newport Television sues Wachovia

Newport Television sues Wachovia

There are 2 comments on the story from Feb 29, 2008, titled Newport Television sues Wachovia. In it, reports that:

“Having come down with an acute case of 'lender's remorse,' Wachovia has refused to honor its binding commitment to provide financing for Newport's purchase”

Providence Equity Partners. affiliate Newport Television sued Wachovia Corp. to force the bank to help fund its $1.1 billion purchase of 56 television stations from Clear Channel Communications. via

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Wilmington, NC

#1 Mar 16, 2008
What's this got to do with Newport, North Carolina?
Wachovia VICTIM

Orlando, FL

#2 Mar 17, 2008
I've been unhappy with Wachovia for sometime now. I strongly disagree with many of your policies that are focused on serving Wachovia rather than being fair to their own customers.

That being said, I understand that Wachovia is charging people $5 to honor / cash their (Wachovia) checks. Is this correct? This is nothing but pure greed on Wachovia's part. Why would we continue to bank with Wachovia when you are going to strong-arm everyone out of $5 for cashing / honoring your own checks!!! The people we do business with are extremely upset and I have to agree that Wachovia are acting like first-class CROOKS!

I feel like I am wasting my time right now writing this message as a concerned customer. Because the facts remain that your actions speak louder than words that you do not truly care about your customers.

I will be actively interviewing people to find out who they bank with; as soon as I am able I will leave Wachovia and will chose to bank with a company that is customer focused rather than self-serving crooks.

Wachovia Customer / VICTIM

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