Business and Finance

Citigroup Inc. is reportedly in talks to buy a regional bank that overlaps with its retail banking unit in the United States.

The Wall Steet Journal cited unnamed people familiar with the situation who said there could be an agreement by month's end but didn't name the target bank.

Citigroup (NYSE:C) has most of its branches in the Northeast, California and Texas. It is the fifth largest bank by deposit in Silicon Valley with 38 branches Faxless pay advances.

It lost out to Wells Fargo & Co. (NYSE:WFC) in bid to buy Wachovia Corp. last month that would have made it the third largest bank in the region.

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