Wachovia bought out

lumberjim • Sep 29, 2008 11:24 am
http://ap.google.com/article/ALeqM5jBpTstzcj2LSvdE72t247CeMqW6QD93GE59G0

With the acquisition of Wachovia, Citigroup has reclaimed its title as the biggest U.S. bank by total assets. Including Wachovia, the bank now has assets of $2.91 trillion, as of June 30. That could change, however, as Citigroup shrinks its balance sheet, a decision Chief Executive Vikram Pandit made in May to rid the bank's books of risky debt.
In terms of current market capitalization, Bank of America Corp. remains the largest U.S. bank, followed by JPMorgan Chase & Co. in second and Citigroup in third place.
classicman • Sep 29, 2008 11:33 am
Ya think they are makin a play for some more of that bailout money?
xoxoxoBruce • Sep 29, 2008 11:36 am
What ever they're up to, you can be sure it's not for your benefit.:headshake