1st Union, Wachovia Feel Recession

ATLANTA - Two major North Carolina banks reported Thursday a rise in nonperforming assets in the second quarter, reflecting the effects of the economy. But earnings at both First Union Corp. and Wachovia Corp. were within analysts' expectations.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.