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Home » Store » Taxable » Wachovia CEO Tells Wall Street Not to Expect Any More ‘Big Deals,’ Morgan Stanley is Looking to Buy

Wachovia CEO Tells Wall Street Not to Expect Any More ‘Big Deals,’ Morgan Stanley is Looking to Buy

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Don’t look for Wachovia to buy any more mortgage companies anytime soon, said CEO Ken Thompson during a recent conference call. “We will be out of the deal business, the big deal business, for a significant period of time,” he told analysts during a forum sponsored by Prudential Equity Group. …
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