Wachovia Ad Does Not Inspire Confidence Just last week, Wachovia awarded its $100 million-plus advertising account to WPP. Then yesterday Wachovia was bought by Citigroup , and they were like, Hey, whoa, no ad deal after all! That really sucks the big one, in ad industry parlance. Too bad for Wachovia, too; perhaps a better ad agency could have ensured that the bank didn't end up with horrific ad placement like this, in today's Wall Street Journal : Wachovia Ad Does Not Inspire Confidence