Wachovia, Citigroup, Wells Fargo Agree to Extend Litigation Standstill

CHARLOTTE, N.C., Oct. 8  /PRNewswire-FirstCall/ -- Wachovia, Citigroup and Wells Fargo, in consultation with the Federal Reserve, announce the extension until 8 a.m. (EDT), on Friday, Oct. 10, 2008, of their litigation standstill agreement of Oct. 6, 2008.

About Wachovia

Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, with assets of $812.4 billion and market capitalization of $33.5 billion at June 30, 2008. Wachovia provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to customers through 3,300 retail financial centers in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses. Globally, clients are served in selected corporate and institutional sectors and through more than 40 international offices. Our retail brokerage operations under the Wachovia Securities brand name manage more than $1.1 trillion in client assets through 14,600 financial advisors in 1,500 offices nationwide. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com; and investment products and services at evergreeninvestments.com. 

DATASOURCE: Wachovia Corporation



CONTACT:  Media Contacts: Christy Phillips-Brown, [phone], or

Mary Eshet, [phone]; Investor Contacts: Alice Lehman, [phone],

or Ellen Taylor, [phone], all of Wachovia Corporation



Web site:  http://www.wachovia.com/ 

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