Wachovia Corp. will be acquired by Citigroup Inc. for about $2.16 billion after shares of the North Carolina lender collapsed under unpaid mortgages.
Ranked sixth by assets in the U.S., Wachovia’s all-stock deal wraps up at about $1 a share. All depositors will be protected, according to the Federal Deposit Insurance Corp.
Citigroup is the biggest U.S. […]
Entries Tagged as 'South Florida debt management'
Another One Bites the Dust: Citigroup to Take Over Wachovia
September 29th, 2008 · No Comments
Tags: Bank closing · Citigroup · South Florida Bankruptcy Attorney · South Florida Bankruptcy Lawyer · South Florida debt management · Wachovia