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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options