MutualFundWire.com: SunTrust Sinks $1.4 Billion into Two of its Money Market Funds
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Friday, December 21, 2007

SunTrust Sinks $1.4 Billion into Two of its Money Market Funds


SunTrust Banks is pouring $1.4 billion into two of its money-market funds to prevent SIV-related losses, the Associated Press reported. Atlanta-based SunTrust will buy $1.4 billion of securities issued by SIVs from its STI Classic Prime Quality Money Market Fund and the STI Classic Institutional Management.


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