Wachovia Announces Bank Subsidiary Divestitures to Citigroup | Market Digest: "Wachovia Corporation to become a focused leader in retail brokerage and asset management
Wachovia today announced intentions to sell its retail bank, corporate and investment bank and wealth management businesses to Citigroup. Wachovia Corporation will remain a public company with two main operating subsidiaries: Wachovia Securities, the nation’s third largest brokerage firm, and Evergreen Asset Management, a leading provider of asset management services."
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