Money | Citigroup Citi Demands Wells Fargo Give Wachovia Back Bank says new buyout violates an exclusivity agreement By Nick McMaster Posted Oct 3, 2008 11:43 AM CDT Copied A Wells Fargo customer walks into bank in Mountain View, Calif., Wednesday, Sept. 17, 2008. (AP Photo/Paul Sakuma) Citigroup 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. The FDIC said it would work with all three institutions to ensure “a resolution that serves the public interest.” Citi had offered to buy parts of Wachovia for $2.16 billion. US bank regulators said they hadn’t yet reviewed the Wells Fargo deal but would evaluate it and “the issues that it raises.” Read These Next JD Vance can't possibly be happy about how this interview went. Pedophile rock star killed by fellow inmates. In speech to Knesset, Trump ad-libs a pardon request. This is what happens when you lose control of a plane refueling hose. Report an error