What Wachovia Customers Need to Know

Citigroup: Breaking news: The FDIC says that Citigroup will acquire Wachoviaís assets. More information as it comes. But Morgan Stanley has to be pretty delighted that it didnít merge with Wachovia two weeks ago

Call it the birth of Citichovia. In another day of Wall Streetís epic saga, news came today that Citigroup will acquire Wachoviaís banking operations for $2.1 billion in stock and will assume another $53 billion in Wachovia debt. Which leaves Wachovia customers scratching their heads, as Washington Mutual customers were last week. But thereís a big difference between the Wachovia and WaMu dealings ó time.