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Citi Suit Blocks Wells' Wachovia Deal

Court order says bank must only deal with Citigroup, for now

By Matt Cantor, Newser Staff

Posted Oct 5, 2008 8:00 AM CDT

(Newser) – In a victory for Citigroup, a New York Supreme Court judge has halted a deal by Wells Fargo to buy Wachovia until further notice, announced Citi executives. The decision prolongs Wachovia’s earlier agreement to deal only with Citigroup as it battles with Wells Fargo... Read full story »

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Citi Suit Blocks Wells' Wachovia Deal

Court order says bank must only deal with Citigroup, for now

Citigroup • merger • Wachovia • Wells Fargo • negotiations • court order • financial crisis

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