Wachovia Net Drops 10% on Mortgage, Loan Writedowns (Update8) (Bloomberg.com)

Story date: 2007-10-19 01:27:50
Added on: 2007-10-19 22:47:44

Oct. 19 (Bloomberg) -- Wachovia Corp. 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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