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Monday, Jun 5, 2023

Citigroup to buy Wachovia banking operations

NEW YORK — The government says Citigroup will acquire the banking operations of Wachovia in a deal facilitated by the Federal Deposit Insurance Corp. The FDIC says Wachovia didn’t fail, and that all depositors are protected and there will be no cost to the Deposit Insurance Fund. For the full story visit www.latimes.com/business/la-fi-citigroup30-2008sep30,0,1340631.story

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