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: Securities Law Prof Blog

Citigroup Will Acquire Wachovia's Banking Operations with FDIC Assistance

By Securites Lawprof

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Citigroup and Wachovia reached an agreement-in-principle for Citi to acquire Wachovia's banking operations in An FDIC-assisted transaction. The acquisition will result in a retail bank with 9.8% U.S. market deposit share and total deposits globally of $1.3 trillion. The FDIC...

Full post as published by Securities Law Prof Blog on September 29, 2008 (boomark / email).

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