Wachovia, Citigroup, Wells Fargo Agree to Extend Litigation Standstill
October 08 2008 - 1:39PM
PR Newswire (US)
CHARLOTTE, N.C., Oct. 8 /PRNewswire-FirstCall/ -- Wachovia,
Citigroup and Wells Fargo, in consultation with the Federal
Reserve, announce the extension until 8 a.m. (EDT), on Friday, Oct.
10, 2008, of their litigation standstill agreement of Oct. 6, 2008.
About Wachovia Wachovia Corporation (NYSE:WB) is one of the
nation's largest diversified financial services companies, with
assets of $812.4 billion and market capitalization of $33.5 billion
at June 30, 2008. Wachovia provides a broad range of retail banking
and brokerage, asset and wealth management, and corporate and
investment banking products and services to customers through 3,300
retail financial centers in 21 states from Connecticut to Florida
and west to Texas and California, and nationwide retail brokerage,
mortgage lending and auto finance businesses. Globally, clients are
served in selected corporate and institutional sectors and through
more than 40 international offices. Our retail brokerage operations
under the Wachovia Securities brand name manage more than $1.1
trillion in client assets through 14,600 financial advisors in
1,500 offices nationwide. Online banking is available at
wachovia.com; online brokerage products and services at
wachoviasec.com; and investment products and services at
evergreeninvestments.com. DATASOURCE: Wachovia Corporation CONTACT:
Media Contacts: Christy Phillips-Brown, +1-704-383-8178, or Mary
Eshet, +1-704-383-7777; Investor Contacts: Alice Lehman,
+1-704-374-4139, or Ellen Taylor, +1-212-214-1904, all of Wachovia
Corporation Web site: http://www.wachovia.com/
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