'Dismal' housecleaning quarter much worse than expected
(Newser) -
New Wachovia CEO Robert Steel moved aggressively to staunch the bank's losses by taking a massive $8.9-billion hit in the second quarter and slashing its dividend to almost nothing, the
New York Times reports. Steel had every reason to clean house, but analysts had predicted only a 78 cents-per-share...
More »
