November 9, 2007

Wachovia, Capital One, E*Trade warn on credit (Reuters)

The Capital One headquarters in McLean, Virginia, August 21, 2007. The U.S. credit crisis deepened on Friday as Wachovia Corp reported a $1.1 billion loss on subprime mortgage-related debt in October, while Capital One Financial Corp said more customers are missing payments. (Kevin Lamarque/Reuters)Reuters – The credit crisis deepened on Friday
as Wachovia Corp reported a potential $1.7 billion loss on
mortgage-related debt, while credit card company Capital One
Financial Corp said more customers are missing payments.

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