By Jonathan Stempel 6 minutes ago BANGALORE (Reuters) - Wachovia Corp (WB.N) said on Monday it ousted Ken Thompson as chief executive of the fourth-largest U.S. bank, in the wake of mounting legal and regulatory troubles and an ill-fated purchase of a big mortgage lender as the nation's housing boom was about to go bust.Lanty Smith, who replaced Thompson as chairman last month, was named interim chief executive. Ben Jenkins, the vice chairman and head of Wachovia's retail and business bank, was named interim chief operating officer.
The Charlotte, North Carolina-based company said Thompson is retiring at the request of its board of directors.
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