Wells Fargo posts loss, says Wachovia on track (Reuters)

A Wells Fargo bank is pictured in Dallas, October 9, 2008. (Jessica Rinaldi/Reuters)Reuters – Wells Fargo & Co reported a surprise quarterly loss, its first since 2001, as it added to reserves for credit losses, but it maintained its dividend and said it did not need more taxpayer funds to absorb the troubled lender Wachovia Corp.

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