The Charlotte area will lose up to 4,000 Wachovia Corp. jobs as Citigroup Inc. combines functions with the locally based bank. That’s an estimate by banking analyst Nancy Atkinson of the Aite Group of Boston. “Citigroup wants to save $3 billion” by ... [full story]

WASHINGTON, Sept. 29 /PRNewswire-USNewswire/ -- The Credit Union National Association (CUNA) -- the national association of credit unions -- is reminding all editors, reporters, columnists and commentators to remember -- credit unions also have federal savings insurance. "Virtually all credit ... [full story]

Citigroup agreed Monday to purchase Wachovia's banking operations for $2.1 billion in a deal arranged by federal regulators, making the Charlotte-based bank the latest casualty of the widening global financial crisis. The deal greatly expands Citigroup's retail franchise — giving it ... [full story]

WASHINGTON, Sept. 26 /PRNewswire/ -- Amid the biggest bank failure in history -- Washington Mutual -- personal finance experts Ken and Daria Dolan are urging people to protect themselves. More than a dozen banks around the country have gone belly ... [full story]

Word has it the next piece of fat Vikram Pandit will be sucking out of Citigroup will be its life insurance unit Primerica, one of the first acquisitions Sanford Weill made when he began building his financial services supermarket. The private-equity ... [full story]

NEW YORK (Reuters) - Stocks are seen opening sharply lower at the start of the week after last ditch efforts to save investment bank Lehman Brothers appeared to have failed late Sunday. The ongoing impact of the global credit crunch of ... [full story]

WASHINGTON — Sheila C. Bair anticipated the mortgage crisis long before most other regulators. But she never dreamed it would wreak so much havoc on so many banks. More than a year after the credit crisis first flared, Ms. Bair, the ... [full story]

NEW YORK (AP) _ America's biggest banks have suffered unprecedented losses from the ongoing credit crisis, and that's made some investors question whether the big financial conglomerates should be broken up in order to survive. Break-up advocates, who for months have ... [full story]

 NEW YORK (Reuters) - The general counsel for UBS AG's (UBSN.VX: Quote, Profile, Research) investment banking unit is at the center of a civil probe by New York's attorney-general into the Swiss bank's sales of auction-rate securities, the Wall Street ... [full story]

WASHINGTON (Reuters) - The U.S. economy needs months to recover from its slowdown, but the banking system remains sound despite a home mortgage crisis that could cause more problems, Treasury Secretary Henry Paulson said. Paulson also said on Sunday morning news ... [full story]