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Old 09-29-2008, 06:24 AM
 
Location: Trinity Florida
7,930 posts, read 17,800,938 times
Reputation: 1997

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Just thought id pass the bad news along...
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Old 09-29-2008, 06:33 AM
 
Location: Charlotte,NC, US, North America, Earth, Alpha Quadrant,Milky Way Galaxy
3,769 posts, read 6,767,381 times
Reputation: 2109
Why is it bad news?
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Old 09-29-2008, 06:35 AM
 
31 posts, read 95,384 times
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Quote:
Originally Posted by berryjuice4life View Post
Just thought id pass the bad news along...
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 06:38 AM.. Reason: news being updated as we speak, crazy situation
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Old 09-29-2008, 06:41 AM
 
Location: Trinity Florida
7,930 posts, read 17,800,938 times
Reputation: 1997
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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Old 09-29-2008, 06:51 AM
 
338 posts, read 791,843 times
Reputation: 130
Default 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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Old 09-29-2008, 06:56 AM
 
27,903 posts, read 34,465,431 times
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Who has the bigger infrastructure to handle the headquarters? Was not Wachovia building another building here.
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Old 09-29-2008, 07:01 AM
 
Location: Wouldn't you like to know?
9,114 posts, read 15,680,136 times
Reputation: 3695
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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Old 09-29-2008, 07:08 AM
 
2,341 posts, read 4,056,843 times
Reputation: 1667
I think the gov forced this sale so as not to have to deal with their bad debt.
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Old 09-29-2008, 07:13 AM
 
Location: Suburban Buffalo, NY
928 posts, read 3,536,596 times
Reputation: 214
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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Old 09-29-2008, 07:13 AM
 
Location: Charlotte
2,447 posts, read 6,657,784 times
Reputation: 1394
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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