Californian bank Wells Fargo announced a 15.1-billion-dollar deal to buy troubled US rival Wachovia on Friday in an attempt to outflank Citigroup and its government-backed rescue plan.
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From the Wild West to Wachovia: Wells Fargo takes on CitiPosted by UK Economy News
In UK financial news
3Oct 08 Californian bank Wells Fargo announced a 15.1-billion-dollar deal to buy troubled US rival Wachovia on Friday in an attempt to outflank Citigroup and its government-backed rescue plan.
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