Citi says ends Wachovia talks with Wells Fargo

(Reuters) Citi Bank says it has ended negotiations with Wells Fargo on a Wachovia transaction, after failing to reach an agreement.

* Citi cites dramatic differences in parties' transactions structures, views of

risks, making mutually acceptable agreement impossible

* Citi says remains willing to complete its fdic-backed proposal to acquire

Wachovia

* Citi says has strong legal claims against Wachovia, Wells Fargo plans to

pursue damages vigorously

* Citi says has decided not to ask that Wells-Wachovia deal be enjoined

* "our focus remains on capitalizing on our global strengths," says Citi's CEO.