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Wachovia posts surprise loss, raises $7 billion (Reuters)

Started by riky, April 14, 2008, 05:55:43 PM

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riky

Wachovia posts surprise loss, raises $7 billion
    (Reuters)

 


<p>You are not allowed to view links. Register or LoginReuters - Wachovia Corp posted a surprise
first-quarter loss on Monday as credit problems from mortgages
and other debt soared, prompting the fourth-largest U.S. bank
to raise $7 billion of capital, slash its dividend and cut
jobs.</p><br clear="all"/>


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