Wachovia To Cut 125 Jobs As Part of Overall Cut of 6,000+
Tue, 08/12/2008 - 14:13 — Walt Thiessen
Looks like the latest news today is that Wachovia is the latest bank involved in cutting jobs due to the mortgage mess. I have a feeling that this is just the tip of the iceberg. There are a lot of lenders out there experiencing these kinds of problems, and I won't be surprised if we see a lot more of this coming down the line.
I'll be paying close attention to what the Banks of America and Chase Manhattans have to report in the coming months.
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