has narrowed it CEO search to Treasury Undersecretary Robert Steel and former
Bank of America
CFO Alvaro de Molina,
The Wall Street Journal
The paper's Web site, citing people familiar with the matter, said a decision was expected within days. Steel also is a former
Charlotte, N.C.-based Wachovia's top job has been manned on an interim basis by Chairman Lanty Smith, since former CEO Ken Thompson was
in June. Thompson came under fire after the bank posted what ultimately was a $708 million first-quarter loss.
Smith heads up the bank's search committee.
Wachovia shares fell 8% to $14.29 Wednesday.
This article was written by a staff member of TheStreet.com.