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Feds Work to Cement Wachovia Deal

Citi and Wells Fargo would each get a piece of the struggling bank

By Jim O'Neill, Newser User

Posted Oct 6, 2008 6:52 AM CDT

(Newser) – Federal Reserve officials are pushing Citigroup and Wells Fargo to agree to a compromise giving each a piece of struggling Wachovia, with the Charlotte-based bank's 3,346 branches divided along geographic lines and Wells Fargo acquiring its investment units, reports the Wall Street Journal. The... Read full story »

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Feds Work to Cement Wachovia Deal

Citi and Wells Fargo would each get a piece of the struggling bank

Citigroup • Federal Reserve • Wachovia • Wells Fargo • takeover • financial crisis

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