TITLE

A Postmortem on Wachovia

AUTHOR(S)
Borak, Donna
PUB. DATE
September 2010
SOURCE
Investment Dealers' Digest;9/10/2010, Vol. 76 Issue 33, p21
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the issues involving the downfall of the Charlotte, North Carolina-based bank Wachovia Corp. During a hearing on September 1, 2010 headed by the U.S. Financial Crisis Inquiry Commission, it notes that the commission outlines several reasons behind the downfall. The commission questioned the Federal Deposit Insurance Corp. (FDIC) and Federal Reserve Board official why they let the said bank operates without adequate capital and liquidity.
ACCESSION #
54526983

 

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