38 minutes ago NEW YORK (Reuters) - Wachovia Corp (WB.N), the fourth-largest U.S. bank, on Tuesday posted an $8.86 billion second-quarter loss, slashed its dividend and announced 6,350 job cuts after losses tied to mortgages soared.Its shares fell $1.67, or 12.7 percent, to $11.51 in premarket trading.
The net loss for the Charlotte, North Carolina-based bank equaled $4.20 per share, and compared with a profit of $2.34 billion, or $1.22, a year earlier.
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