Wachovia Net Falls 98% on Mortgage-Linked Writedowns (Update1)
Story date: 2008-01-22 05:02:00
Added on: 2008-01-22 06:00:40
Bloomberg - ... said profit fell 98 percent to its lowest since 2001 after writedowns for bad loans and mortgage ... banks and brokerages have disclosed more than $120 billion of writedowns and credit losses since June because of collapsing prices in U.S. mortgage ...
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