Wachovia Posts Over 8 Billion In Losses And Announces Job Cuts

A Wachovia bank teller machine is seen July 22, 2008 in New York. Wachovia shares were sharply lower July 22 as the bank posted a nearly $10 billion second-quarter loss, cut its dividend and eliminated jobs.
A Wachovia bank teller machine is seen July 22, 2008 in New York. Wachovia shares were sharply lower July 22 as the bank posted a nearly $10 billion second-quarter loss, cut its dividend and eliminated jobs.
(Photo by Chris Hondros/Getty Images North America)
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Pedestrians walk past a Wachovia bank July 22, 2008 in New York. Wachovia shares were sharply lower July 22 as the bank posted a nearly $10 billion second-quarter loss, cut its dividend and eliminated jobs. People stand next to a Wachovia bank July 22, 2008 in New York. Wachovia shares were sharply lower July 22 as the bank posted a nearly $10 billion second-quarter loss, cut its dividend and eliminated jobs. People walk next to a Wachovia bank July 22, 2008 in New York. Wachovia shares were sharply lower July 22 as the bank posted a nearly $10 billion second-quarter loss, cut its dividend and eliminated jobs. A man runs next to a Wachovia bank July 22, 2008 in New York. Wachovia shares were sharply lower July 22 as the bank posted a nearly $10 billion second-quarter loss, cut its dividend and eliminated jobs.
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