Citi aqcuires Wachovia banking ops

(01:15) Report

Sep. 29 - Wachovia is selling most ot its assets to Citigroup in a deal brokered by the FDIC.

Citigroup is paying just over $2 billion dollars in stock for most of Wachovia's assets. All of the deposits will be safe.

Bobbi Rebell reports from New York.

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