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Wachovia Buyer

Citi, Wells Call Truce On Wachovia, But Wells May Win Anyway

Reuters, BloggingStocks | Dave Burdick | Posted 05.25.2011 | Business

The bizarre battle for a troubled bank that started on Friday continues this week. Citigroup, which claims it had an exclusive deal with the FDIC and ...

Citigroup Lays Out Wachovia Claims

New York Times | Jonathan D. Glater | Posted 05.25.2011 | Business

The financial giant, Citigroup, on Monday finally filed its complaint against rivals banks Wachovia and Wells Fargo, laying out the claims underlying ...

Wachovia, Citigroup, Wells Fargo Drama Worries Fed

Dave Burdick | Posted 05.25.2011 | Business

Last week, Citigroup and the FDIC seemed to be close to a deal to acquire the troubled Wachovia Corp. Then, on Friday, Wells Fargo swooped in and made...

Citigroup To Buy Wachovia Banking Operations For $1 A Share

New York Times | Posted 05.25.2011 | Business

Citigroup has agreed to buy Wachovia's banking operations for $1 a share, a move that that would concentrate power within the nation's banking industr...