WASHINGTON — Wachovia Corp. lost a staggering $8.9 billion in the second quarter of this year, leading the nation’s fourth-largest bank to cut its dividend and slash 6,350 jobs in response to mortgage-related losses.
Wachovia posts $8.9B loss for 2nd quarter
To read the full article, please sign up or login.
Get full access to the Columbia Missourian on your computer, phone, and tablet for just $5.95 per month. Or click here for full access for one day for only 99 cents.
* All the high-quality, in-depth journalism of the Columbia Missourian and Vox Magazine, updated 24/7
* Your news. Your device. Your time.
If you'd like to read more about the value of being a member, read this column from the Missourian's executive editor, Tom Warhover.