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Wachovia Lawsuit

Wachovia To Settle Money Laundering Case For $160 MILLION

AP | CURT ANDERSON | Posted 05.25.2011 | Business

MIAMI — Banking giant Wachovia Corp. will pay $160 million to settle a federal investigation into laundering of illegal drug profits through Mex...

Citigroup Walks Away From Wachovia Deal, But Wrangling Continues

AP | SARA LEPRO | Posted 05.25.2011 | Business

NEW YORK — Wells Fargo emerged as the apparent victor in the battle for control of Wachovia bank Thursday night, after rival suitor Citigroup br...

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 ...

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 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 Papers Prove Bank Knew About Frauds

New York Times | Charles Duhigg | Posted 05.25.2011 | Business

Last spring, Wachovia bank was accused in a lawsuit of allowing fraudulent telemarketers to use the bank's accounts to steal millions of dollars from ...