SPA Newswire

North America

Wachovia Securities (Charlotte, NC) - While Wachovia was popping the champagne corks to celebrate receiving Structured Products' North American House of the Year award, a lower-key news item made its way into some financial media. Former Wachovia executive John Church sued the firm, saying he had been promised an annual bonus worth 9% of the business's net profit. This followed reports that Citigroup was also facing complaints from one of its structured products specialists (see People, page 10)

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