This deal appears to be much better for everyone involved. Would make for the biggest retail bank in the country. Naturally, Citi is crying foul and the FDIC is standing behind its Citi deal. Anything that costs the people money, right? Wells Fargo ups the ante in $15B bid for Wachovia -- Newsday.com Question: is there any 'good' reason for this deal to be blocked in favor of the Citi deal? From my limited reading elsewhere, Wells appears to be a better company right now. Accurate?