Sat Apr 26, 1:43 PM ET CHICAGO (Reuters) - Wachovia Corp (WB.N) is being investigated by federal prosecutors as part of a probe into alleged laundering of drug proceeds by Mexican and Colombian money-transfer companies, The Wall Street Journal reported on Saturday.An official of Charlotte, North Carolina-based Wachovia, the country's fourth largest banking firm, said the company is cooperating with the investigation, the newspaper said.
The Journal did not identify the Wachovia official and it attributed its information about the investigation to "people familiar with the matter."
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