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In the latest byproduct of the widening global financial crisis, Citigroup Inc. will acquire the banking operations of Wachovia Corp. in a deal facilitated by the Federal Deposit Insurance Corp. (Sept. 29)
Video duration: 88 seconds
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In the latest byproduct of the widening global financial crisis, Citigroup Inc. will acquire the banking operations of Wachovia Corp. in a deal facilitated by the Federal Deposit Insurance Corp. (Sept. 29)
Video duration: 179 seconds
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Wachovia to be split between Citi and Wells Fargo: Wall Street Journal; Wachovia Split: Citi: Northease and Mid Atlantic, Wells: Southeast and California; Wells Fargo to take over Wachovia's asset mgmt, brokerage unit; Report and analysis by Maithreyi See
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Wachovia Cut to "Underperform" at Merrill Lynch on More Potential Credit Losses and Weak Retail Brokerage; Wells Fargo's Value Tops Citigroup's; Wells Fargo Meanwhile Getting Profit Estimates Cut at Oppenheimer, on Exposure to Fannie and Freddie Shares; L
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Analyst Plan to Fix Both Fannie and Freddie Would Effectively Wipe Out Equity and Preferred Shareholders, Sending Shares of Both Down; Meredith Whitney of Oppenheimer Downgrades Wachovia to "Underperform"; Washington Mutual Rises 3% in Premarket Trading;
![Wells Fargo\](http://img.youtube.com/vi/dlzSEbBo2ho/2.jpg "Wells Fargo\")
