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Wachovia stock rebounds on heels of sale to Citigroup
Wachovia Corp.'s battered stock sharply rebounded Tuesday on a double-dose of encouraging news. Citigroup reiterated its commitment to buy most assets of the troubled Charlotte, N.C., bank despite the failure of the government's financial bailout ... Citigroup will buy Wachovia's banking operations; FDIC says Wachovia ...
NEW YORK (AP) _ Citigroup agreed Monday to buy Wachovia 's banking operations for $2.1 billion in a deal arranged by federal regulators, making the Charlotte, N.C. -based bank the latest casualty of the widening global financial crisis. The deal ... Wachovia's deposits attracted Citigroup
Citigroup, with headquarters in New York, is cutting thousands of jobs and selling off parts of its business. The bank that some are branding as Wachovia's rescuer is on shaky ground itself. In the past year, New York-based Citigroup has racked up ...
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www.mysanantonio.com
MySA.com: San Antonio's Homepage From The Express-News and KENS 5 ... NEW YORK (AP) -- Citigroup agreed Monday to purchase Wachovia's banking operations for $2.1 billion in a deal ... Citigroup buying Wachovia banking operations
NEW YORK - In the latest byproduct of the widening global financial crisis, Citigroup Inc. will acquire the banking operations of Wachovia Corp. in a deal facilitated by the ... Citi, U.S. Rescue Wachovia - WSJ.com
Citigroup Inc. acquired most of Wachovia Corp. for nearly $2 billion in a government-engineered takeover that shows how quickly once-mighty U.S. banks are succumbing to a growing ...
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Wachovia Limits Access to $9.3 Billion Fund for 900 Colleges
Wachovia agreed Sept. 29 to sell its banking operations to Citigroup Inc. Whether the fund can provide all of the money to the colleges ``depends if some of the pressure eases in the market place,'' Fay said. ``Our intent is to unwind the ... Deal comes at a cost
Citigroup 's deal yesterday to acquire Wachovia expands its retail franchise - giving it more than 4,300 U.S. branches and $600 billion in deposits - and secures its place among the U.S. banking industry's Big Three, along with Bank of America Corp ... Citigroup buys Wachovia
Citigroup Inc. acquired Wachovia Corp. on Monday in a deal worth $2.1 billion. It was its own bad debt -- coming after the bank's 2006 acquisition of lender Golden West Financial Corp. -- that weighed on Wachovia. Spokesperson Fran Durst said by ...
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NEW YORK (AP) -- Citigroup agreed Monday to purchase Wachovia's banking operations for $2.1 billion in a deal arranged by federal regulators, making the Charlotte, N.C.-based ... FDIC Announces Citigroup to Buy Wachovia - washingtonpost.com
Citigroup has agreed to buy Wachovia bank in a deal backstopped by taxpayers and brokered by the Federal Deposit Insurance Corp. to avoid another major corporate failure in the ... Citigroup buys Wachovia bank assets for $2.2B
Following weeks of speculation about its fate, Wachovia said Monday it would sell its banking assets to rival Citigroup, marking yet another seismic shift in the U.S. banking ...
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Citigroup: Wachovia deal is still on
NEW YORK – Citigroup Inc. insisted Tuesday that it remains committed to its acquisition of Wachovia Corp., as the failure of the government’s financial rescue plan cast doubt on the bank’s willingness to close the deal. On Monday, Citigroup ... Citigroup expresses commitment to Wachovia deal
Citigroup Inc. insisted Tuesday that it remains committed to its acquisition of Wachovia Corp., as the failure of the government's financial rescue plan cast doubt on the bank's willingness to close the deal. On Monday, Citigroup agreed to buy the ... Citigroup to buy Wachovia for $2.1 billion
Wachovia, UF's official banking partner, announced plans Monday to hand over its banking operations to Citigroup by the end of the year, which would make Citigroup one of three superbanks in the United States. Ed Poppell, UF's vice president for ... Wachovia: Just the Plum Citigroup Needed
During the mid-1990s, Wachovia's merger-mad chief executive, Ed Crutchfield, once famously joked that the key to persuading another bank to sell to him was to simply stack "$1 billion bills" on the table until the target relented. Now, though, it's ...
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Citigroup buys Wachovia bank biz for $2.2B - Sep. 29, 2008
Citigroup will acquire the banking operations of Wachovia for $2.2 billion in an all-stock deal announced Monday, following much speculation over the weekend about the fate of the ... Citigroup to buy Wachovia banking operations
NEW YORK -Citigroup agreed Monday to purchase Wachovia's banking operations for $2.1 billion in a deal arranged by federal regulators, making the Charlotte, N.C.-based bank the ... Citigroup Acquires Wachovia Banking Operations
This morning the FDIC (www.fdic.gov) announced that Citigroup (Citigroup Charts) will acquire the banking operations of Charlotte, North Carolina's Wachovia Corporation (WB.The Associated Press: Citigroup to buy Wachovia banking operations
Citigroup to buy Wachovia banking operations. 1 day ago. NEW YORK (AP) — Citigroup Inc. will acquire the banking operations of Wachovia Corp., one of the nation's largest banks ...
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cnn, citigroup, wachovia merger, wachovia buyout
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