Friday, October 03, 2008

Wachovia faced a ‘silent' bank run

On Friday, with its stock plunging 27 percent, Wachovia experienced a “silent run” on deposits, but the bigger worry for regulators was that other banks wouldn't provide the Charlotte bank with necessary short-term funding when it opened for business Monday

read more | digg story

No comments:

4-25-2024

Elon Musk insists Tesla isn’t a car company   Trump is unindicted co-conspirator in 2020 Michigan fake electors probe, investigator testifie...