Warburg Pincus buys

Wachovia, the fifth largest US bank by market value, is expected to announce as soon as Monday that it will raise several billion dollars in new capital from outside investors to shore up its balance sheet amid mortgage losses. Wachovia is expected to raise about $7bn, similar to the amount raised last week by Washington Mutual. Buy-out firm Warburg Pincus is expected to be among the investor group buying into Wachovia. The bank has moved its Q1 earnings release up to Monday from Friday.
http://ftalphaville.ft.com/blog/2008/04/14/12283/wachovia-set-for-cash-infusion/
zie ook:
http://www.bizjournals.com/nashville/stories/2008/04/14/daily3.html