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| Issue of August 25, 2008 |
Countrywide May Not Be Out of Peril at BoABy Rachel Beck Countrywides acquisition by Bank of America Corp. was supposed to help keep the troubled mortgage lender from collapse. Things might not turn out exactly as planned. Wachovia Needs Capital, But Not Evergreen Investments By Paritosh Bansal and Jonathan Stempel Wachovia Corp. may not be keen to sell its asset management unit, Evergreen Investments, but the fourth-largest U.S. bank may do just that if the credit crisis worsens and its capital needs increase. Any Credit Card Regulation May Be Too Late By Gina Keating Struggling U.S. consumers are not likely to get meaningful relief from escalating interest rates and bank fees this year, which could lead to a wave of card defaults as early as the first quarter of 2009. |
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