Paulson, Bernanke Strained for Consensus in Bailout (at The Wall Street Journal Online) and Citigroup in talks to buy a bank: report (Reuters)

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City of Industry, CA --(www.USEquityNews.com)-- 11/10/2008 - Money Center Banks industry alert provided by U.S. Equity News. (Reuters) - Less than a month after walking away from Wachovia Corp (NYSE: WB), Citigroup Inc (NYSE:C) is in discussions to acquire another U.S. [Read the full article]


Citigroup is in discussions to acquire a U.S. bank after walking away from a deal last month to buy Wachovia(WB Quote - Cramer on WB - Stock Picks), the Wall Street Journal reports. Citigroup lost a battle last month with Wells Fargo (NYSE: WFC) to acquire Wachovia. Wells' deal to buy Wachovia for $15 billion is expected to be completed soon. The fallout from that deal has added to tensions between Citigroup executives and directors, the Journal reports. Some insiders say an acquisition would pump up morale at Citigroup and ease the embarrassment of the Wachovia mess. [Read the full article]

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