Citigroup and Wells Fargo's acquisition of drama.

<P> According to informed sources in the United States, under pressure from the federal government, Citigroup (Citigroup Inc.) And Wells Fargo (Wells Fargo & Co.) Talks Sunday night, in an effort to calm for Wachovia Corp. .takeover battle. .</ P> <P> U.S. Federal Reserve Board (Fed) officials are urging Citigroup and Wells Fargo to reach compromise, it also shows that U.S. government officials worried about the increasingly volatile situation. .Insiders say that efforts may be overwhelmed by that is headquartered in Charlotte, North Carolina, Wachovia eventually it carved up by the two bidders. .</ P> <P> Wachovia branch outside of New York source said, according to major programs discussed Sunday night, Citigroup and Wells Fargo would divide Wachovia along geographic boundaries its 3,346 outlets, of which Citigroup will acquire the line is .Northeast and Middle Atlantic areas of the network, while the southeast and California, Wells Fargo will be the business for themselves. .Wachovia, Wells Fargo will also receive asset management and brokerage business. .</ P> <P> to informed sources, according to Citigroup's acquisition of the initial agreement, the Federal Deposit Insurance Corporation (Federal Deposit Insurance Corp., Referred to as the FDIC) agrees to take possibly up to hundreds of billions of dollars of bad loans; with this .The difference is that the plan discussed Sunday night, and a buyer has not promised any financial assistance from the U.S. government. .</ P> <P> just carve up the negotiations for the occasion of Wachovia, Wachovia and Citigroup lawyers but on Sunday afternoon in federal court in New York state court dispute. .Wachovia asked the U.S. District Court judge quashed the state court judge made Saturday night to return to Wachovia talks with Citigroup's decision. .Citigroup, Wachovia Zengyi contract to 2.1 billion Citigroup agreed to buy the bank's banking business, but then they eat their words. .At the same time, the state appeals court Sunday night on Saturday night dismissed the state court's decision. .</ P> <P> but informed sources, the legal chaos did not seem to divide Wachovia's discussions to a halt. .</ P> <P> regulators and bankers are racking their brains as soon as possible to end this drama, one of the reasons is the fear that if the U.S. markets opened on Monday, Wachovia's still not an idea where to go, then, (http://finance ..) may further scare an already anxious investors and bank customers. .</ P> <P> order to increase the likelihood of an agreement, Wachovia is out of the weekend's negotiations. .A person familiar with Wachovia that we have no say in this negotiation. .</ P> <P> weekend of negotiations chaired by the senior officials of Fed. .Informed sources said the Ministry of Finance is also involved in the negotiations, but as Treasury Secretary Henry Paulson (Henry Paulson) and Wachovia chief executive Robert • Steele (Robert Steel) is closely related to Paulson requested not to participate in negotiations. .July this year, Steele was in charge of Wachovia before the senior officials of the Ministry of Finance. .</ P> <P> If you can not reach a compromise, Wachovia's fate may be in case the war dragged on for weeks or even months of time, so that the bank suffered a serious setback this uncertainty, in the dispute affected .plagued by bad loans will suffer further impact, it is Wachovia's numerous liabilities that the Government planned a week ago, the Bank and the Citigroup deal. .</ P> <P>.