A Postmortem on Wachovia

Borak, Donna
September 2010
Investment Dealers' Digest;9/10/2010, Vol. 76 Issue 33, p21
Trade Publication
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.


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