| | | Citigroup to Acquire Wachovia Operations in Government Brokered Deal | | | Mon, 29 Sep 2008 06:07:23 EST
The U.S. government facilitated a takeover of Wachovia by Citigroup on Monday. The agreement is a complex deal that shares liabilities between the Federal Deposit Insurance Corporation (FDIC) and Citigroup while leaving Wachovia holding some of its assets.
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| | | TODAY'S VIDEO NEWS
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| CNBC Videos 9/29/2008 9:23:29 AM Meredith Whitney, executive director of equity research at Oppenheimer, discusses the banking sector and the $700 billion bailout proposal. |
| CNBC Videos 9/29/2008 5:50:55 AM "The disease runs very deep … this is a very necessary but an insufficient solution for the banking condition," Tim Harris from JPMorgan Asset Management told CNBC Monday. |
| CNBC Videos 9/29/2008 7:52:03 AM Discussing banks, bailouts and more, with CNBC's Charlie Gasparino and Steve Liesman |
| CNBC Videos 9/29/2008 8:25:21 AM President Bush addresses the nation regarding the Wall Street rescue plan. |
| CNBC Videos 9/29/2008 9:17:09 AM Citigroup will buy Wachovia's banking operations, and the CNBC news team has the details. |
| CNBC Videos 9/29/2008 9:17:09 AM Discussing the $700 billion Wall Street bailout proposal, with John Gutfreund, former CEO of Salomon Brothers |
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