December 31, 2007

Wachovia may face new mortgage write-downs (Reuters)

A Wachovia branch in McLean, Virginia, in a file photo. As more banks report write-downs tied to the global credit crunch, analysts say Wachovia may have losses lurking in an area that has garnered less investor attention. (Kevin Lamarque/Reuters)Reuters – As more banks report write-downs tied
to the global credit crunch, analysts say Wachovia Corp
may have losses lurking in an area that has garnered less
investor attention.

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