Reuters: Wachovia names Steel CEO, sees loss

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Wachovia names Steel CEO, sees loss
      

NEW YORK (Reuters) - Wachovia Corp, the fourth-largest U.S. bank, named Treasury Undersecretary Robert Steel chief executive on Wednesday, and said mortgage and legal problems will result in a $2.6 billion to $2.8 billion second- quarter loss, much larger than many analysts expected.
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