Wachovia (WB) is down 5% in the pre-market.
According to Reuters the fourth-largest U.S. bank, said on Friday that it expected increased loan losses in the fourth quarter. In addition, the company estimates the pretax value of its asset-backed securities collateralized debt obligations declined by $1.1 billion in October.
Douglas A. McIntyre
100 Million Americans Are Missing This Crucial Retirement Tool
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