Mortgage Woes Hit Sovereign's 3Q Profits

Story date: 2007-10-05 03:20:00
Added on: 2007-10-05 16:00:21

Forbes - The company also expects to take a $20 million pretax charge because of losses on financing provided to subprime mortgage companies that went bankrupt or defaulted on debt payments. Sovereign will take another pretax charge of $15 million to adjust ...


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