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Citi Walking From Wachovia, Suing Wells

Stock quotes in this article: C , WB , WFC  

Updated from Thursday, Oct. 9

Wells Fargo (WFC Quote) has triumphed in its battle with Citigroup (C Quote) for the rights to their struggling competitor, Wachovia (WB Quote).

Citi said on late Thursday that it was breaking off negotiations and proceeding with a lawsuit against Wachovia and Wells Fargo, which agreed to a deal last week, trumping an earlier deal between Wachovia and Citi. ...

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