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Citigroup Inc. to Acquire Banking Operations of Wachovia

Tags » Citi, Financial Regulators, Wachovia » Comments (0)

The FDIC has announced that "Citigroup Inc. will acquire the banking operations of Wachovia Corporation; Charlotte, North Carolina, in a transaction facilitated by the Federal Deposit Insurance Corporation and concurred with by the Board of Governors of the Federal Reserve and the Secretary of the Treasury in consultation with the President."

Posted: Sep 29, 2008 05:17 AM Pacific | Permalink | |

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