Wachovia faced a silent bank run

Fearing a loss of funding over the weekend, the FDIC forced the sale.10/02/08 Downtown Charlotte skyline showing the Wachovia First Street Campus headquarters project under construction. DAVIE HINSHAW of the Observer from WCNC’s AirStar36 On Friday, with its stock plunging 27 percent, Wachovia experienced a “silent run” on deposits, but the bigger worry for regulators [...] continue reading the breaking news