Wachovia posts $24 billion loss (Q3)

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22.10.2008 14:36
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Wachovia posts $24 billion loss (Q3)

NEW YORK (MarketWatch) -- Wachovia Corp. said on Wednesday it lost a stunning $23.9 billion in the third quarter as it took a massive impairment charge for it acquisition by Wells Fargo, and added more than $6 billion to its credit loss provisions.

The company (WB:Wachovia Corp

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