July 22, 2008
Wachovia loses $8.9B, cuts 6,350 workers, dividend (AP)
AP - Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. The bank said it lost $8.86 billion, is slashing its dividend and eliminating 10,750 positions after losses tied to mortgages soared.
More: continued here
Spread the word
del.icio.us Digg Furl Reddit Ask BlinkList blogmarks Blogg-Buzz Google Ma.gnolia muti Netscape ppnow Rojo Shadows Simpy Socializer Spurl StumbleUpon Tailrank Technorati Windows Live Wists Yahoo! Help
Trackback uri
http://networkmarketingsuccess.com/blog/wachovia-loses-89b-cuts-6350-workers-dividend-ap/trackback/
Leave a Comment
You must be logged in to post a comment.