Entries tagged "regional"
Regional banks stock slipped Monday as investors wondered what bank would be acquired next. News that Wachovia Corp. was acquired by Citigroup Inc., investors' lack of confidence in the banking system and the House's rejection of the $700 billion bailout plan drove stocks in the sector down. Among the big losers were National City Corp., whose stock dropped more than 50%, and Sovereign BankCorp. Inc., which fell over 60%. - Maria Woehr Troubled Banks Prices at 3:00 pm EDT Name Price at open Price at 3:00pm Change Mkt cap Anchor BanCorp Wisconsin 9.05 6.71 -0.37 161.11M BankAtlantic Bancorp, Inc 6.58...