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Reuters: Wachovia restates, nearly doubles loss

Started by chris, May 06, 2008, 04:38:09 PM

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chris

Wachovia restates, nearly doubles loss
      


NEW YORK (Reuters) - Wachovia Corp , the fourth-largest U.S. bank, on Tuesday nearly doubled its previously reported first-quarter loss because of a write-down on three contracts in a bank-owned life insurance portfolio.
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