Wachovia Corp. is moving its international banking efforts into high gear.

The Winston-Salem, N.C.-based regional bank plans to this year expand in London, where it has maintained a representative office since the 1970s. In addition, said Hugh M. Durden, president in charge of corporate banking, Wachovia will this year offer an integrated payments and collections network for companies doing business in Canada, the United States, and Mexico.

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