Citi To Take Over Wachovia-Agented Deals

29 Sep 2008

Citigroup’s $2.16 billion takeover of Wachovia’s banking assets will include the loan portfolio, which will be taken over when the deal closes Dec. 31.

Citigroup’s $2.16 billion takeover of Wachovia’s banking assets will include the loan portfolio, which will be taken over when the deal closes Dec. 31. “We’re taking on anything affiliated with the bank’s subsidiaries,” a Citi spokeswoman said. “It is my understanding is that yes, they’ll be taking over ...

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