Sovereign to book $1.6B in 4Q charges

Sovereign to book $1.6B in 4Q charges

There are 1 comment on the The York Daily Record story from Jan 14, 2008, titled Sovereign to book $1.6B in 4Q charges. In it, The York Daily Record reports that:

Sovereign Bancorp Inc. said Monday that it expects to take $1.6 billion in charges for the fourth quarter, as customers defaulted on loans and its investment in a New York thrift yielded lower-than-expected ...

Join the discussion below, or Read more at The York Daily Record.


Lancaster, PA

#1 Jan 14, 2008
Looks like you are geting what you deserve.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Sovereign Bancorp Discussions

Title Updated Last By Comments
News Joseph Campanelli replaces Mark Hammond as pres... (Nov '09) Nov '09 KCBoston 1
News Sovereign Bank Cutting 950 Jobs: Almost 9 perce... (May '09) Jul '09 Rob 14
News SOVEREIGN BANK TO CUT 1,000 JOBS : WFMZ-TV 69News (Dec '08) Dec '08 Bernie Made Off 20
News Sovereign Bancorp cutting 1,000 jobs (Dec '08) Dec '08 nosferatu 2
News Sovereign Bancorp cutting 1,000 jobs (Dec '08) Dec '08 David 14
News Fed Approves Sale of Sovereign to Spanish Bank ... (Dec '08) Dec '08 Viva Christo Rey 9
News Will Sovereign Bank Stadium in York get a new n... (Oct '08) Oct '08 John Waynes Horse 3
More from around the web