Vikram Pandit

As negotiators in Washington struggled to devise a plan to rescue Wall Street and avert a global financial catastrophe, Citigroup CEO Vikram Pandit noted during an interview at Wharton last week that even with government intervention, global financial markets will need years to recover.  

Sure, the S&P 500 fell 9 percent last week as financial problems spread further beyond Wall Street. But now one troubled bank. Wachovia, is in such high demand that the federal government had to step in to mediate a dispute between two bitterly competing suitors, Citigroup and Wells Fargo. This...  

Citigroup Inc. on Monday sued Wachovia and Wells Fargo, seeking $60 billion over a merger agreement between the two banking giants that Citi asserts was reached improperly. (C) (WFC)  

Citigroup Inc. has filed a lawsuit against Wells Fargo & Co., Wachovia Corp. and directors from both companies seeking at least $60 billion.  

Citigroup Inc. has filed suit against Wachovia Corp. and Wells Fargo & Co. seeking more than $60 billion in damages from Wells Fargo for interfering with Citi’s $2.16 billion offer to buy Wachovia’s banking operations. (WB) (C) (WFC)  

Citigroup Inc. has sued Wachovia Corp. and Wells Fargo & Co. in New York state court seeking $60 billion over a merger agreement between Wells and Wachovia that Citigroup believes was reached improperly. (C) (WFC)  

NEW YORK - Federal Reserve officials have been pushing for Citigroup Inc.  

NEW YORK (dpa) - U.S. banking giant Citigroup Inc. announced Monday it is suing Wachovia Corp. for $60 billion in damages and punitive fees after the latter pulled out of a takeover deal....  

A North Carolina judge has issued a temporary restraining order prohibiting Citigroup Inc. from enforcing an exclusivity agreement that barred Wachovia Corp. from discussing, negotiating or entering a merger pact with another suitor. (C) (WB) (WFC)  

Reuters - Shares of Citigroup Inc dropped 6 percent to $17.25 on Monday on uncertainty about plans to take over embattled Wachovia Corp .  

A Mecklenburg Superior Court judge has issued a temporary restraining order prohibiting Citigroup Inc. from enforcing an exclusivity agreement that barred Wachovia Corp. from discussing, negotiating or entering a merger pact with another suitor. (C) (WB) (WFC)  

Photo: NewscomWachovia, the banking operations of which Citigroup had agreed to acquire four days ago for $2.2 billion, has now announced it has struck a deal to sell the whole bank to Wells Fargo for about $15.1 billion in stock — without an FDIC backstop, which Citi had required. "This deal...  

A North Carolina superior court judge has issued a temporary restraining order prohibiting Citigroup Inc.  

Reuters - Citigroup Inc is eyeing options to bolster its bid for Wachovia Corp including an offer for the entire bank, a person close to the bank said on Monday.  

Wells Fargo & Co., Citigroup Inc. and federal regulators spent Sunday discussing what steps could be taken to defuse a brewing battle over Wachovia Corp., with the talks reportedly focusing on a split of the Charlotte bank’s operations. (WB) (C) (WFC)