Financial Stocks Trading Lower (TSFG, Citigroup Inc., BAC, WFC, JPM, NBG)

The South Financial Group (NASDAQ:TSFG) plunges 54.06% to $0.308 on high volume. The company announced that it has entered into a definitive agreement with TD Bank Financial Group providing for the merger of TSFG and a wholly-owned subsidiary of TD. Under the agreement, TD will acquire all outstanding shares of common stock of TSFG. Upon completion of the transaction, TD will acquire all of TSFG and all of its businesses and obligations, including all deposits of Carolina First Bank.

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Citigroup Inc. (NYSE:C) declines 1.01% to $3.94.

Bank of America Corporation (NYSE:BAC) slid 0.67% to $16.23 on 4.81 million shares.

Wells Fargo & Company (NYSE:WFC) drops 1.47% to $31.57 on high volume.

JPMorgan Chase & Co. (NYSE:JPM) decreases 2.01% to $39.09.

National Bank of Greece (ADR) (NYSE:NBG) is down 2.95% to $2.63.

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