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Consumer Law

: Caveat Emptor

Wachovia goes under, bought up by Citigroup

By Sam Glover

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In a deal brokered by the feds, Citigroup has agreed to acquire the majority of Wachovia, the latest bank to fail. From CNN: Citigroup will acquire the banking operations of Wachovia for $2.2 billion in an all-stock deal, following much speculation over the weekend about the fate of the nation’s fourth-largest bank. Citigroup buys Wachovia bank assets [...]

Full post as published by Caveat Emptor on September 29, 2008 (boomark / email).

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