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Member Since: 7/2007Last Seen: 11/29/2009

Wachovia says it will press ahead with Wells deal

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"Wachovia Corp., at the center of a fight between Wells Fargo & Co. and Citigroup Inc. over who will buy the beleaguered bank, is moving ahead with its deal to sell itself to Wells Fargo — while questions arise about the damaging effects that prolonged litigation might have on Wachovia.

Wachovia responded Sunday to a New York judge's order temporarily blocking the sale of the bank to Wells Fargo with a lawsuit of its own, asking a federal judge in Manhattan to allow the deal to go through. ......."

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