With Wachovia Sale, the Banking Crisis Trickles Up
September 30th, 2008 by
Federal regulators arranged the sale of Wachovia’s bank unit to Citigroup to stave off what might have been the second failure of a major bank in a week.
Posted in Wachovia Corp|WB|NYSE, Subprime Mortgage Crisis, Citigroup Incorporated|C|NYSE, Mergers, Acquisitions and Divestitures, Banks and Banking