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Reuters: Wells Fargo wins Fed approval on Wachovia bid

Started by chris, October 13, 2008, 07:59:29 AM

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chris

Wells Fargo wins Fed approval on Wachovia bid
      


WASHINGTON (Reuters) - The Federal Reserve on Sunday gave its stamp of approval to the takeover of Wachovia Corp by Wells Fargo & Co of San Francisco, which had battled New York-based Citigroup for ownership of the wounded bank.
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