Wachovia Is Said to Raise Billions Amid Credit Losses - New York Times

Calgary HeraldWachovia Is Said to Raise Billions Amid Credit Losses
New York Times - 2 hours ago
By ERIC DASH The Wachovia Corporation, the country’s fourth largest bank, is raising several billion dollars from outside investors because of mounting housing losses and an ill-timed acquisition of a big California mortgage lender, people briefed on ...
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