Empresas y finanzas

Citi says ends Wachovia talks with Wells Fargo



    (Reuters) Citi Bank says it has ended negotiations with Wells Fargo on a Wachovia transaction, after failing to reach an agreement.

    * Citi cites dramatic differences in parties' transactions structures, views of

    risks, making mutually acceptable agreement impossible

    * Citi says remains willing to complete its fdic-backed proposal to acquire

    Wachovia

    * Citi says has strong legal claims against Wachovia, Wells Fargo plans to

    pursue damages vigorously

    * Citi says has decided not to ask that Wells-Wachovia deal be enjoined

    * "our focus remains on capitalizing on our global strengths," says Citi's CEO.