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 Trumps ends trade talks with Canada. Actor Sam Rockwell gets residuals from movie he wasn't in. Gavin Newsom has filed a massive lawsuit against Fox News. President Trump celebrates a 'giant' Supreme Court win. Report an error