PR: The Good, Bad and Ugly
Wachovia-Citi deal spells worries for Charlotte economy
by Jake Potter
For more and more of us, the economy’s dire straits are hitting close to home. Charlotte-based Wachovia Corp. is the latest victim, and locals are reeling from the news.
How does a city so dependent on its banking prowess cope with the news that Wachovia will sell its banking operations to New York-based Citigroup? There are 20,000 Wachovia employees in the Charlotte metro region, and it’s likely that none of them found much reassurance in the company’s statements this morning.
1 comment | 09/29/2008




















