Reuters: Bank downgrades, Wachovia ouster rocks markets

[chris]

Bank downgrades, Wachovia ouster rocks markets
      

NEW YORK (Reuters) - Downgrades of three U.S. investment banks, an ouster of Wachovia's chief executive, and a bleak U.K. housing market outlook from a British mortgage lender shook markets on Monday, reigniting fears that the global credit crunch will continue to hurt the world economy.
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