Financial News

Wells Fargo, Wachovia Deal Temporarily Suspended by Judge’s Order

Wachovia Corporation (WB) is currently at the centre of a fierce legal fight brewing between Wells Fargo (WFC) and Citigroup (C) over the argument of who has the right to buy the beleaguered bank. In a deal arranged by the FDIC on Sept.29, Citi agreed to acquire Wachovia’s banking operations for $2.2 billion, or $1 [...]
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