May 12, 2008
Wachovia reviewing risk process, to cut jobs
“We have not yet chosen who will do it but it will be an outside source. We will take the results from that and make changes to the company”
Wachovia Corp , battered by mounting losses from mortgages and other debt and facing increasing regulatory scrutiny, is undertaking an independent review of its risk and compliance processes and cutting jobs, ... via Reuters
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