UPDATE: Reports that Citigroup purchases Wachovia

09.29.2008 by André Natta · → 3 Comments

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The New York Times is reporting that Citigroup has agreed to purchase the banking operations of Charlotte, NC-based Wachovia (portions of which are formerly Birmingham based AmSouth Bank sorry, SouthTrust Bank) for $1 a share. We’ll see if we can’t get more information for you as it becomes available today.

So how are you dealing with the financial crisis? Let us know as you answer today’s Magic City Question!

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