Citi: Judge blocks Wells Fargo, Wachovia merger
A New York State judge has temporarily blocked the merger of Wachovia with Wells Fargo, according to a news release by Citigroup — which is trying to buy Wachovia itself. Citigroup has been pressing Wachovia and Wells Fargo to abandon their merger plans, arguing that it had entered into an exclusivity agreement with Wachovia, CNNMoney reports.
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