The loss, the highest yet announced in the crisis, underscored the challenges Wells Fargo faced after acquiring the bank.

JPMorgan Chase, Wells Fargo, and State Street announced earnings that beat expectations, but their shares fell on fears of a drawn-out erosion of the economy.

The Federal Reserve has approved Wells Fargo’s $11.7 billion acquisition of Wachovia.

Federal antitrust regulators approved the acquisition of Wachovia by Wells Fargo, bringing the battle for the troubled bank to an end.

Citigroup walked away from efforts to block a deal between Wachovia and Wells Fargo, but said it would continue to seek $60 billion in legal damages.

The two banks said that they had agreed to extend their legal standstill in the fight for Wachovia until Friday morning.

The two banks said that they had agreed to extend their legal standstill in the fight for Wachovia until Friday morning.

Citigroup and Wells Fargo agreed to a cease-fire until Wednesday in the legal warfare over their bids for the Wachovia Corporation.

The Bank of America Corporation announced that it would cut its dividend by 50 percent and planned to sell $10 billion in shares in order to raise additional capital.

Citigroup and Wells Fargo said that they had agreed to stop all court litigation in an effort to sort out their dispute over the acquisition of Wachovia.