Sovereign Bancorp's 3Q results to be hit by market volatility

Story date: 2007-10-05 01:12:00
Added on: 2007-10-05 14:00:23

MSN MoneyCentral - Sovereign also said 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. Sovereign Bancorp of Philadelphia is the ...


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