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 ...

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mavis

Lancaster, PA

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

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