Citigroup Inc. (C, $17.75, -$2.40, -11.91%) agreed to acquire Wachovia Corp.'s (WB, $1.84, -$8.16, -81.60%) banking operations in another deal orchestrated by the federal government, this time by the Federal Deposit Insurance Corporation and one in which the agency could be on the hook for loan losses.
Info provided by Scottrade.
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