Fox News: Wachovia Posts First-Quarter Loss; Announces Plan to Raise $7B

[riky]

Wachovia Posts First-Quarter Loss; Announces Plan to Raise $7B
     

Wachovia (WB), the nation’s fifth-largest bank, said it lost $393 million in its first quarter and would raise $7 billion in fresh capital as the bank continues to suffer under the weight of billions in losses related to subprime investments.<img src="You are not allowed to view links. Register or Login" height="1" width="1"/><img src="You are not allowed to view links. Register or Login" height="1" width="1"/>
     

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