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Reuters: Wachovia bank in talks to be bought: sources

Started by chris, September 29, 2008, 04:00:30 AM

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chris

Wachovia bank in talks to be bought: sources
      


NEW YORK (Reuters) - Wachovia Corp is in talks with rivals to be taken over, sources familiar with the situation said on Sunday, after the U.S. bank's shares fell 27 percent on Friday due to ongoing concerns about its portfolio of illiquid mortgage assets.
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