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Citigroup buys Wachovia :Government brokers deal guaranteed by taxpayers. - Read More

Date Added: September 30, 2008 11:20:12 AM
WASHINGTON -- Citigroup agreed to buy Wachovia bank in a deal backstopped by taxpayers and brokered by the Federal Deposit Insurance Corp. to avoid another major corporate failure in the midst of the ongoing financial crisis.

Category: Business & Economy » Finance and Investment » Insurance » Insurance Brokers


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