UK-Based Fund Discloses 5% Stakes In Washington Mutual (WM) and Sovereign Bancorp (SOV)
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UK-based Toscafund Asset Management LLP just disclosed 5%+ stakes in two embatlted US banks: Sovereign Bancorp Inc. (NYSE: SOV) and Washington Mutual Inc. (NYSE: WM).
The firm disclsoed a 5.1% stake (33,505,683 shares) in Sovereign Bancorp and 6% (105,500,028 shares) Washington Mutual.
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