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Wait...Don't share with Citigroup
Written by dochollidae (ranked 1st) on 10/09/2008 9:37AM
OK. Question: Why is Citigroup and Wells Fargo "sharing" Wachovia?
I am/was a Wachovia customer. Wachovia semi-failed. Citi coughed up a measely 2.1 billion. Wells Fargo offered 15 billion.
As a Wachovia customer I WANT TO BANK WITH WELLS FARGO!
So what now. When they split it up (with Wells getting the majority), how is that going to work on my end. Will I get a statement from both banks? If I use a BAC atm machine, will Wells and Citi send me a charge fee for using an outside atm?
Why is this even being negotiated.
Wells offered more. Let us go to Wells. Citi - bite the dust.