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WACHOVIA CORP.
Wachovia Corp., a financial holding company, provides commercial and retail banking services, and other financial services in the U.S. and internationally. In September 2008, a small bidding war broke out when Wachovia announced that it was going to sell its banking operations to Citigroup. In October, Wachovia and Wells Fargo announced a merger agreement, which was eventually approved by the Federal Reserve.
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