New York - In the takeover battle over the United States' fourth-largest bank Wachovia, Citigroup and Wells Fargo on Thursday halted mutual lawsuits for another day.
The rivals, which have offered competing bids for the ailing banking giant, accepted a compromise brokered by the US Federal Reserve to delay legal action until Friday.
However, the talks also brought to light even higher risks than expected in the possible takeover of the bank, the Wall Street Journal reported.