http://www.newser.com/2008 - Newseren-usNewser Feed GeneratorTue, 07 Oct 2008 7:18:58 CDThttp://www.newser.com/story/39300/wells-citigroup-call-truce-in-wachovia-battle.html?refid=rss_all_defaultCitigroup and Wells Fargo have agreed to back off from their legal tug-of-war over Wachovia until tomorrow, reports the San Francisco Chronicle . The Fed-brokered agreement comes after days of furious legal wrangling and a $60 billion lawsuit filed by Citigroup against both Wells and Wachovia yesterday. Insiders say Citigroup and Wells may reach a deal to carve up the struggling bank.http://www.newser.com/story/39300/wells-citigroup-call-truce-in-wachovia-battle.html?refid=rss_all_defaultTue, 07 Oct 2008 0:18:28 CDThttp://www.newser.com/story/39229/feds-work-to-cement-wachovia-deal.html?refid=rss_all_defaultFederal Reserve officials are pushing Citigroup and Wells Fargo to agree to a compromise giving each a piece of struggling Wachovia, with the Charlotte-based bank's 3,346 branches divided along geographic lines and Wells Fargo acquiring its investment units, reports the Wall Street Journal. The new deal, still being negotiated late last night, would not involve monetary support from the federal government.http://www.newser.com/story/39229/feds-work-to-cement-wachovia-deal.html?refid=rss_all_defaultMon, 06 Oct 2008 4:55:24 CDThttp://www.newser.com/story/39178/citi-suit-blocks-wells-wachovia-deal.html?refid=rss_all_defaultIn a victory for Citigroup, a New York Supreme Court judge has halted a deal by Wells Fargo to buy Wachovia until further notice, announced Citi executives. The decision prolongs Wachovia’s earlier agreement to deal only with Citigroup as it battles with Wells Fargo to purchase the sixth-biggest US bank, Reuters reports. Wells Fargo argues that its deal is legal and best for Wachovia and taxpayers.http://www.newser.com/story/39178/citi-suit-blocks-wells-wachovia-deal.html?refid=rss_all_defaultSun, 05 Oct 2008 7:49:30 CDThttp://www.newser.com/story/39131/citi-may-seek-to-recover-wachovia-deal.html?refid=rss_all_defaultLeft hanging after Wells Fargo swooped in with a better offer to purchase Wachovia, the troubled Citigroup is mulling its options. It could attempt to sweeten its earlier bid, perhaps including pieces of the company it hadn’t agreed to take earlier—or launch a lawsuit. Citigroup may argue that Wachovia’s deal with Wells Fargo violated an “exclusivity agreement,” the Wall Street Journal reports. “This is complete misconduct,” says a Citi exec.http://www.newser.com/story/39131/citi-may-seek-to-recover-wachovia-deal.html?refid=rss_all_defaultSat, 04 Oct 2008 8:30:19 CDThttp://www.newser.com/story/39078/citi-demands-wells-fargo-give-wachovia-back.html?refid=rss_all_defaultCitigroup is seeking to nullify the Wells Fargo takeover of Wachovia announced this morning, Bloomberg reports. Citi claims the $15.4 billion deal violates an exclusivity agreement it had worked out with Wachovia early this week. "Citi has substantial legal rights regarding Wachovia and this transaction,'' the bank said in a statement.http://www.newser.com/story/39078/citi-demands-wells-fargo-give-wachovia-back.html?refid=rss_all_defaultFri, 03 Oct 2008 11:22:30 CDThttp://www.newser.com/story/39055/wells-fargo-buys-wachovia-for-154b-trumps-citigroup.html?refid=rss_all_defaultWells Fargo will buy struggling bank Wachovia in a $15.4 billion takeover, reports the Wall Street Journal . The deal was announced today and comes just days after Wachovia had reached an agreement to sell its banking operations to Citigroup. The Wells Fargo purchase requires no government assistance, and the San Francisco bank will buy 100% of Wachovia, while Citigroup only wanted a fraction.http://www.newser.com/story/39055/wells-fargo-buys-wachovia-for-154b-trumps-citigroup.html?refid=rss_all_defaultFri, 03 Oct 2008 6:56:33 CDThttp://www.newser.com/story/38558/battered-wachovia-shops-for-buyers.html?refid=rss_all_defaultWachovia is in a new round of talks with potential buyers, reports the Wall Street Journal, courting Citigroup, Wells Fargo, and Spain’s Banco Santander to help guard it from the financial market crisis. While the bank says it’s not in immediate danger, shares at Wachovia, which holds a $120 billion mortgage portfolio, dropped 27% yesterday on the news of Washington Mutual’s failure.http://www.newser.com/story/38558/battered-wachovia-shops-for-buyers.html?refid=rss_all_defaultSat, 27 Sep 2008 7:55:15 CDThttp://www.newser.com/story/38562/alitalia-gets-reprieve-as-pilots-back-takeover-deal.html?refid=rss_all_defaultAlitalia, the bankrupt Italian air carrier on the brink of collapse, got a reprieve today when its pilots agreed to a government-backed takeover bid by a team of business executives, Bloomberg reports. Pilots’ unions joined ground staff in approving the plan, which calls for 3,000 job cuts and longer hours for the same pay. Flight attendants’ unions are still in talks with the CAI business group.http://www.newser.com/story/38562/alitalia-gets-reprieve-as-pilots-back-takeover-deal.html?refid=rss_all_defaultSat, 27 Sep 2008 9:11:56 CDThttp://www.newser.com/story/38510/jpmorgan-chief-had-long-drooled-over-wamu.html?refid=rss_all_defaultThe failure of Washington Mutual was an opportunity for JPMorgan Chase CEO Jamie Dimon, who long held a desire to buy the bank, the Seattle Times reports, and saw its large West Coast presence as particularly attractive. Now Dimon, who incorporated Bear Stearns earlier this year, has used the credit crisis to build the largest bank in the US.http://www.newser.com/story/38510/jpmorgan-chief-had-long-drooled-over-wamu.html?refid=rss_all_defaultFri, 26 Sep 2008 13:44:32 CDT