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  1. Wells Fargo Will Downsize Wachovia - Post Chronicle
    Wells Fargo (NYSE:WFC) will downsize several of North Carolina bank Wachovia Corp. (NYSE:WB)'s businesses, Chief Financial Officer Howard Atkins said. Wells Fargo is scheduled to complete its purchase of Wachovia by the end of the year, the Charlotte ...
  2. HSBC sees better Q3 profit despite $4.3-b bad loan provisioning - Economic Times
    LONDON: HSBC Holdings, Europe’s biggest bank, said third-quarter profit rose even as it set aside a more-than-estimated $4.3 bn to cover bad loans in the US and forecast “further deterioration.” The US unit “declined markedly” because of ...
  3. BUSINESS NEWS: MasterCard: Loss due to legal charge (Courier-Post)
    MasterCard Inc. said that a hefty legal charge led to a third-quarter loss but the credit card processor's adjusted results beat Wall Street's expectations as dollar volume and the number of transactions both rose.


 


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