Wachovia to buy back auction-rate securities
Bank reaches agreement with regulators to repurchase about $9 billion
By John Spence, MarketWatch
Last Update: 8/15/2008 12:45:00 PM
BOSTON (MarketWatch) — State and federal regulators said Friday that Wachovia
Corp. has agreed to a preliminary settlement related to the sale of roughly $9
billion in auction-rate securities, the market for which collapsed earlier this
year.
Charlotte, [...]