On July 22, 2008, the Wachovia Corporation posted an $8.9 billion loss for its second quarter.The New York Times: Posting Huge Loss, Wachovia Tries to Purge Lending... (July 22, 2008) In additon to slashing its quarterly dividend by 87 percent, Wachovia announced it would cut more than 10,700 jobs.Forbes: Wachovia Wanes (July 22, 2008)
Quote
"These bottom-line results are disappointing and unacceptable. While to some degree they reflect industry headwinds and weaker macroeconomic conditions, they also reflect performance for which we at Wachovia also accept responsibility."—Lanty Smith, Wachovia chairmanThe New York Times: Posting Huge Loss, Wachovia Tries to Purge Lending... (July 22, 2008)
Where can I get a Wachovia debit card?(0 Answers)
A:
No answers yet.
What will the Quail Hollow Championship be called next year? (1 Answer)
A:
The Quail Hollow Championship will still be called the same thing next year. It used to be called the Wachovia Championship, but Wachovia was purchased Wells Fargo in ...
Are checks with the Wachovia name still good?
(0 Answers)
A:
No answers yet.
References
Fast Facts
-
July 22, 2008
Wachovia posted $8.9 billion second quarter loss
-
Fact:
-
Fact:
-
Fact:
-
Fact:
-
Fact:
-
Fact:
-
Fact:
