Citi announced this afternoon that "it had reached no agreement with Wells Fargo following several days of discussions about matters related to Wachovia. The dramatic differences in the parties' transaction structures and their views of the risks involved made it impossible to reach a mutually acceptable agreement." The New York Times DealBook reports that Citi will not try to block the Wachovia/Wells Fargo merger.

Separately, the Federal Reserve has announced that it will "immediately begin consideration of the filings submitted by Wells Fargo for approval to acquire Wachovia Corporation."

ClairMail has announced that the ClairMail QuickStart mobile banking product offering - saying it is "setting the industry standard with its rapid deployment, rich feature set and high level of bank branding." READ MORE »

Peppi Kiviniemi writes from Brussels for MarketWatch.com that EU antitrust officials are looking at a new acquirer fee structure MasterCard has introduced. Earlier, EuroCommerce commented on the fee changes saying that "we see such fee increases as a clear attempt by MasterCard to circumvent the Commission's decision against their cross-border interchange fee. They are trying to recoup lost revenue by increasing fees in other areas without justification."

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