“The Federal Reserve on Sunday approved Wells Fargo’s $11.7 billion acquisition of Wachovia, removing the deal’s last major regulatory hurdle. The Fed’s move comes after federal antitrust regulators moved swiftly to back San Francisco-based Wells Fargo’s deal to buy the Charlotte, N.C.-based bank, approving the purchase on Friday. Citigroup Inc. on Thursday walked away from its own efforts to buy Wachovia, which was hit by a $5 billion run on deposits in late September after the failure of Washington Mutual Inc., according to court documents filed by Citigroup. In a brief statement Sunday, the Fed said it approved Wells Fargo’s taking on Wachovia Corp. along with all its banking and other units.” [editor’s note: Wohoh, the Wellth Fargo wagon ith a … - SAT] (10/13/08)