Sovereign Bancorp warns of Q3 writedowns, charges

Story date: 2007-10-05 12:43:00
Added on: 2007-10-05 14:00:24

Reuters - Sovereign also said in a statement that it would take pretax charges of about $20 million related to losses on financings to mortgage lenders which have since filed for bankruptcy protection or defaulted on credit agreements. (Reporting by ...


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