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Wells Fargo, Citigroup Battle In Court Over Wachovia

by Curt Nickisch, NPR
October 6, 2008

The battle for control of Wachovia bank is tilting toward Wells Fargo. A New York state appeals court has blocked a lower court ruling that favored rival bidder Citigroup. Meantime, Wachovia is asking a federal judge to declare invalid part of the Citigroup deal that would have restricted Wachovia from considering competing bids.

Curt Nickisch reports for member station WBUR in Boston.

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

Broadcast Dates

  • Morning Edition, October 6, 2008
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