Citigroup to buy US bank Wachovia

[stelios]

http://news.bbc.co.uk/1/hi/business/7642126.stm

Wachovia, the fourth-largest US bank, is being bought by larger rival Citigroup in a rescue deal backed by US authorities.

Just think, they were critical of Hugo Chavez

[1694]

http://news.bbc.co.uk/1/hi/business/7642126.stm

Wachovia, the fourth-largest US bank, is being bought by larger rival Citigroup in a rescue deal backed by US authorities.

Just think, they were critical of Hugo Chavez

Got news24 running, they covered the rumours this morning, so far not heard it confirmed or even covered this afternoon!

[1694]

Just come on.... "take over, not a rescue" Lol. Eased along by federal regulators.