Citigroup scoops up Wachovia

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The sixth largest bank falls victim to the credit crisis, and Citigroup takes over. Citi is paying a bit over $2 billion in stock for Wachovia including $53 billion dollars of its debt. But Citi will not be acquiring Wachovia's retail brokerage AG Edwards, or its asset management division, Evergreen.Bobbi Rebell reports.


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