Citi out; Wells Fargo to merge with Wachovia
In a $15 billion deal that leaves Citigroup in the cold, San Francisco's Wells Fargo will merge with Wachovia, leaving the bank and its brokerage operation intact.
In a $15 billion deal that leaves Citigroup in the cold, Wells Fargo & Co. and Wachovia Corp. announced plans this morning for a merger that will keep Wachovia's banking and brokerage operations intact and will not involve government support.
San Francisco-based Well Fargo said it would pay 0.1991
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