Wachovia 8.86 billion loses a qtr

[jakncoke]

CHARLOTTE, N.C.—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 nation's fourth-largest bank by assets said it lost $8.86 billion, is slashing its dividend and eliminating 10,750 positions after losses tied to mortgages soared.

LinkBoston.com

also this really bad news and Wall Street are retards, they hope the big banks are weathering the credit crisis well...well a top 5 bank losing nearly 10 billion in a qtr screams in trouble you corporate jokes.

[conman1000]

Wonder how much everyone else in the top 5 lost.

[jakncoke]

probably a lot as well, hey some mod change the thread title, it needs loses put in before 8.86 billion

Request complete.

[LiNuX]

wow....almost $9 billion in a quarter. if that continues this could be another bank that goes under and the federal gov't takes over