Wachovia Net Falls 98% on Mortgage-Linked Writedowns (Update1) (Bloomberg.com)

Story date: 2008-01-22 05:22:28
Added on: 2008-01-22 06:00:22

Jan. 22 (Bloomberg) -- Wachovia Corp., the fourth-largest U.S. bank, said profit fell 98 percent to its lowest since 2001 after writedowns for bad loans and mortgage-backed securities.


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