Now Wells AND Citi Might Buy Wachovia In Bits & Pieces

The drama continues on the Wachovia acquisition. First it was Citi, then it was Wells, and now it might be Citi and Wells:

Under the leading plan being discussed Sunday night, Citigroup and Wells Fargo would divvy up Wachovia’s network of 3,346 branches along geographic lines, with Citigroup getting Wachovia’s branches in the Northeast and mid-Atlantic regions and Wells Fargo taking those in the Southeast and California, according to people familiar with the talks. Wells Fargo would also take over Wachovia’s asset-management and brokerage units.