(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.
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