Wachovia Loss Nearly Doubles

Separately, the company is also being investigated by federal prosecutors into money laundering abuses through Colombian and Mexican money-transfer companies, according to the Wall Street Journal.

In addition, it warned last week that it would take a non-cash charge of up to $1 billion in the second quarter related to the tax treatment of certain leveraged leases.

Shares were up fractionally to $30.01 in recent trading on Tuesday.

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