Citigroup Thursday walked away from its own efforts to buy Wachovia, which was hit by a $5 billion run on deposits in late September after the failure of West Coast rival Washington Mutual, according to court documents filed Friday by Citigroup.
Fed board approves Wachovia sale
WASHINGTON The Fed's move comes after federal antitrust regulators backed
the deal Friday, allowing San Francisco-based Wells Fargo to buy
the Charlotte North Carolina-based bank.
