Is a Citigroup breakup just around the corner? Well it came one step closer a few months ago as Citigroup Inc agreed to get together with Morgan Stanley on its brokerage business. Citigroup’s Smith Barney brokerage firm will merge with Morgan Stanley’s wealth management division.
Lets see how far Citigroup goes before they announce their latest quarterly results in a couple of weeks. On October 22 Citigroup is expected to announce another bad quarter of losses.
Friday, October 02, 2009
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