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Wells Fargo Money Market Funds In SIV Trouble

WFC reports exposure to 3 SIVs in their money market mutual funds amounts to $1bln. Current problem is $39mln liability on a “guarantee obligation”. WFC is off 1.22 at 29.34 about $5.00 over year low levels.

This entry was posted on Friday, February 29th, 2008 at 3:06 pm and is filed under News Flash. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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