Wachovia files lawsuit against Citi, details revealed on dealings with Wells Fargo
Posted on 6 Oct 2008 by Justin Ruckman
“Federal regulators had told Wachovia Corp. the bank would be seized unless it reached a merger agreement with Citigroup Inc. or Wells Fargo & Co. by end of day Friday, Oct. 3, according to a suit filed by Wachovia this weekend in federal court.
The suit seeks to stop Citi from interfering with or slowing the progress of the bank’s merger with Wells, which said Friday it had reached a deal to purchase Wachovia for $15 billion.
The following is a timeline of events (…)”
Read more by Will Boye at the Charlotte Business Journal. The article goes on to provide some interesting details on the days leading up to Wachovia’s final merger agreement with Wells Fargo.