First Union Corp.

• Position: Reorganizes - Brief Article - Statistical Data Included

A new era has dawned at First Union Corp., but the "green bank" is still no golden boy on Wall Street. That's not to say the Charlotte-based bank didn't do the right thing by dumping some slow-growth businesses. Investors just weren't impressed much by it. In one fell swoop, First Union announced it was dumping its subprime lending arm, The Money Store; had sold its mortgage-servicing business to Wells Fargo & Co.; was putting its credit-card business up for sole...