Fed Wants Citi and Wells to Kiss and Make Up Over Wachovia

"The Fed is pressuring Citi and Wells Fargo to settle their dispute over Wachovia. The assumption that there is a way to divvy the carcass that will leave each side feeling they got more than half a loaf. But the push is on to reach an agreement in principle before the US markets open, and with many issues to be resolved (and a lack of good will between the two banks), it will be a push to wrap this up in time."