Just in citigroup aquires wachovia (Charlotte, Winston-Salem: sale, living, costs)

[Swimmom32]

Just thought id pass the bad news along...

[Miker2069]

Why is it bad news?

[NCguy]

Originally Posted by berryjuice4life

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?

[Swimmom32]

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...

[Londonlawyer]

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.

[BigJon3475]

Who has the bigger infrastructure to handle the headquarters? Was not Wachovia building another building here.

[CouponJack]

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...

[baybook]

I think the gov forced this sale so as not to have to deal with their bad debt.

[XNYgirl]

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?

[NCgirl]

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.