TUESDAY SEPTEMBER 30
How Citi Nailed Wachovia For $1 A Share

Good on Citi for finding a way to leap into the magic circle on the cheap (and by that we mean the group that also includes Bank of America and J.P. Morgan, which will no doubt be enjoying unrivaled sway over the price of goods and services in the banking sector for years to come). But can Citi overcome its poor track record when it comes to handling mergers – not to mention Wach’s tens of billions of dollars in loan losses?

September 2008

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