Merger speculation about Wachovia Corp. and SunTrust Banks Inc. has died down since a rumored deal failed to materialize over the weekend.

At the close Tuesday, Wachovia's stock was trading at $45, $3.50 off the 52-week high it reached on Friday. SunTrust shares also fell, to $67, from their 52-week high of $67.50, also reached on Friday.

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