Another one bites the dust |
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| By: Ari Monday September 29, 2008 6:12 am | |
Bye Bye Wachovia:
Citigroup Inc. will acquire the banking operations of Wachovia Corp the troubled Charlotte, N.C.-based bank, according to a press release from the Federal Deposit Insurance Corp. on Monday morning. Citi will acquire "the bulk of Wachovia’s assets and liabilities," the FDIC statement said.
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1 Comment
Waiting for my BB&T to take the pipe. No indications it will, other than the fact that it’s, you know, a regional bank.