Wachovia Net Drops 10% on Mortgage, Loan Writedowns (Update4) (Bloomberg.com)

Story date: 2007-10-19 08:12:51
Added on: 2007-10-19 13:21:59

Oct. 19 (Bloomberg) -- Wachovia Corp., the fourth-largest U.S. bank, reported its first earnings decline in six years and missed analysts' estimates after a record $1.3 billion of writedowns for bad loans and mortgage-backed securities.


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