CitigroupWachoviaWells Fargo Guhan Subramanian Nithyasri Sharma
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CitigroupWachoviaWells Fargo Guhan Subramanian Nithyasri Sharma is a business of well-known in United States as banking group. It was founded by the three of its prominent personalities in 1984. The first CEO of the group was John W.Stumpf. In 2007 it was acquired by Citigroup. This section aims at explaining about the VRIO theory (value-driven, resource-based, internalization). The company has taken significant role in
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On October 7, 2008, Citigroup issued a press release announcing the company’s acquisition of Wachovia in a transaction worth $5.1 billion. This was Citigroup’s second largest acquisition, after acquiring London-based HBOS for $20 billion. Wachovia is a leading regional bank in the US. It has $118 billion in assets, and a market capitalization of $27.5 billion. The bank’s shareholders approved the transaction unanimously
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