Sovereign Bancorp sees hefty 3Q charges related to mortgage-backed ...

Story date: 2007-10-05 12:43:00
Added on: 2007-10-05 16:00:21

CNBC - The company also expects to record about $35 million in charges, including charges of about $20 million pretax related to losses on loans provided to some mortgage companies that have declared bankruptcy or defaulted on certain agreements. Sovereign ...


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