1 hour, 8 minutes ago NEW YORK (Reuters) - Wachovia Corp (WB.N) has begun preliminary merger talks with Citigroup Inc (C.N), the New York Times said on Friday, a move that would combine two giant U.S. banks battered by the global credit crisis.The talks are early and no transaction may emerge, the newspaper said, citing people briefed on the matter.
Wachovia's market value was about $21.6 billion as of Friday's market close, and Citigroup's was $109.7 billion, according to Reuters data.
Read More
