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Atlanta Wachovia customers not cashing out
08:50PM Monday Sep 29 2008 by lilhurricane
By MARK DAVIS
The Atlanta Journal-Constitution / Monday, September 29, 2008

When giants stumble, what can you do?
You deposit your money and hope for the best.

So said a handful of Wachovia customers, who went about their usual banking Monday following the announcement that Citibank will buy Wachovia’s banking operations. The Federal Deposit Insurance Corp. swung the deal, in which Citigroup will absorb up to $42 billion in losses.

Wachovia, based in Charlotte, is Atlanta’s second largest bank in terms of deposits.

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