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However, people close to the situation said that representatives of CtW had met audit committee members and had had a productive conversation.
Wachovia said there was "no basis for an election challenge", adding that its risk committee had diligently monitored risks associated with mortgage investments
Merrill Lynch and Citigroup declined to comment...
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Bank of America and Washington Mutual did not immediately return calls seeking comment.
www.ft.com/creditsqueeze
Indexing (document details)
Companies: Morgan Stanley & Co Inc (NAICS: 523120, Duns:00-698-7879 )
Author(s): Anonymous
Document types: News
Section: FRONT PAGE - COMPANIES & MARKETS
Publication title: Financial Times...
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