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What: Shares of regional bank Wilmington Trust
So what: The attorneys general of all 50 states unveiled a joint investigation into the mortgage industry's conduct during foreclosure proceedings, sending shares of banking giants such as Bank of America
Now what: It's already been a stressful October for Wilmington shareholders. Just last week, the shares were smacked down after reports surfaced that the company was looking to raise new capital, only months after selling $274 million in stock. When you couple the fact that it still owes more than $300 million in TARP money with today's fresh foreclosure concerns, Wilmington doesn't exactly feel like the tastiest turnaround situation.
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