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Home Front Economy
FDIC Announces Citigroup to Buy Wachovia
2008-09-29
Citigroup has agreed to buy Wachovia bank in a deal backstopped by taxpayers and brokered by the Federal Deposit Insurance Corporation to avoid another major corporate failure in the midst of the ongoing financial crisis.

Citigroup will pay the Charlotte-based Wachovia about $2.16 billion, or $1 per share, for its banking operations. Wachovia will retain its wealth management and brokerage operations.
Posted by:Clineng Angomosh6357

#6  Gezundheit!
Posted by: mom    2008-09-29 22:06  

#5  Watchitgovia
Posted by: Alaska Paul   2008-09-29 21:55  

#4  Watchicovia
Posted by: Chief   2008-09-29 20:59  

#3  Wachit!
Posted by: Anguper Hupomosing9418   2008-09-29 13:27  

#2  Citichovia or Wachgroup?
Posted by: M. Murcek   2008-09-29 11:26  

#1  Anybody wanna buy me? 2.16 bil sounds fair. I, of course, will retain my wealth management operation.
Posted by: tu3031   2008-09-29 11:16  

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