Wachovia Is Next In Line To Be Purchased?
Wachovia Bank looks to be the next takeover target in the financial industry. The latest reports have Wachovia and Citi discussing a deal, but Wells Fargo is apparently still in the mix, as is Spain bank Banco Santander according to the NY Times post.
I have all of my retirement portfolio through Wachovia. How would a purchase like this affect that those retirement accounts? Thank you in advance for your prompt response.