Wachovia Looks to Raise Cash

Wachovia CEO G. Kennedy Thompson is feeling buyer’s remorse over the $25 billion takeover of Golden West Financial. The bank posted a $393 million loss and said it is raising about $7 billion in capital.

Sphere: Related Content

Leave a Reply

« Crocs Cuts Its Forecast on Weakening Sales Britain’s Tesco Bucks Retail Trend »