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Monday, October 6, 2008 Citi, Wachovia and Wells Fargo Declare Ceasefire Citigroup, Wachovia and Wells Fargo have agreed to stop litigation until noon on Wednesday to crank out a solution to their dispute. The parties called the truce in consultation with the Federal Reserve. Below is the statement issued by the three firms: New York – Citi (NYSE: C), Wachovia (NYSE: WB), and Wells Fargo (NYSE WF), in consultation with the Federal Reserve, announce the following agreement. |