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09-29-2008, 07:24 AM
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Senior Member
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Join Date: Dec 2006
Location: Boca Raton Florida
4,320 posts, read 3,761,367 times
Reputation: 512
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Just in citigroup aquires wachovia
Just thought id pass the bad news along...
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09-29-2008, 07:33 AM
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Lemon Cake and Pikes Peak Coffee
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Join Date: Jun 2006
Location: Waxhaw,NC, US, North America, Earth, Alpha Quadrant
2,378 posts, read 1,683,037 times
Reputation: 901
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Why is it bad news?
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09-29-2008, 07:35 AM
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Not a member
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Join Date: May 2007
31 posts, read 35,200 times
Reputation: 36
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Quote:
Originally Posted by berryjuice4life
Just thought id pass the bad news along...
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This was already posted in the official death watch thread by Ani, but it's a fluid situation, as they are keeping their investment advisor division?
Last edited by NCguy; 09-29-2008 at 07:38 AM..
Reason: news being updated as we speak, crazy situation
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09-29-2008, 07:41 AM
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Senior Member
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Join Date: Dec 2006
Location: Boca Raton Florida
4,320 posts, read 3,761,367 times
Reputation: 512
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we arent sure dh just said alot of people will loose their jobs..they had a better chance of keeping them if Wells Fargo aquired them...sorry for double posting...
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09-29-2008, 07:51 AM
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Senior Member
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Join Date: Apr 2008
259 posts, read 212,895 times
Reputation: 67
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Will Citi move its HQ to Clt.?
Now that Citigroup has acquired Wachovia, is there a chance that it will move its HQ from NY to Clt.? Many people have raised the issue of Charlotte's lower costs of living.
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09-29-2008, 07:56 AM
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Senior Member
Status:
"Live and uncensured :-)"
(set 3 days ago)
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Join Date: Nov 2007
Location: Uptown
14,044 posts, read 4,529,950 times
Reputation: 1331
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Who has the bigger infrastructure to handle the headquarters? Was not Wachovia building another building here.
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09-29-2008, 08:01 AM
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Union County Booster Club - Treasurer
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Join Date: Aug 2007
Location: Wouldn't you like to know?
4,144 posts, read 2,752,105 times
Reputation: 1006
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Citigroup is about 10 times the size of the former Wachovia I believe.....
Tough times ahead for our region....again, be thankful if you are employed and have a large emergency fund...
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09-29-2008, 08:08 AM
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Senior Member
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Join Date: Oct 2007
1,350 posts, read 478,733 times
Reputation: 624
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I think the gov forced this sale so as not to have to deal with their bad debt.
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09-29-2008, 08:13 AM
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Senior Member
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Join Date: May 2007
Location: Too Crowded Charlotte
917 posts, read 1,059,417 times
Reputation: 144
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I didn't see this post and I posted too. Sorry!!!
This could be tragic for Charlotte because Citigroup doesn't need two headquaters. There was talk a while back about charlotte possibly loosing wachovia. SO, it's true now. It's kinda sad.
My question is this - will citigroup bring back the jobs that were 'offshored' under K Thompson?
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09-29-2008, 08:13 AM
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Senior Member
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Join Date: May 2007
Location: Charlotte
1,740 posts, read 1,216,167 times
Reputation: 618
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An article from The Charlotte Observer
Citigroup aquiring Wachovia banking operations (broken link)
As NC native I feel a little sad. Wachovia started in the late 1800s in what is now Winston-Salem. Wachovia was the name Moravian settlers called the 100,000 acres they purchased in 1753.
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