Wachovia Corporation lowers prime rate
Effective today,Wachovia Corporation lowered its prime interest rate to 4.50percent from 5 percent at Wachovia Bank, National Association, and all of itsother banking subsidiaries.
Wachovia Corp., the biggest bank in the Philadelphia region and the fourth-largest in the nation, ousted its chief executive today, adding to the ranks of top financial executives felled by credit-market turmoil.