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Reuters: Citi moves closer to brokerage deal: sources

Started by chris, January 12, 2009, 01:59:18 AM

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chris

Citi moves closer to brokerage deal: sources
      


NEW YORK (Reuters) - Citigroup Inc. was getting closer to a deal on Sunday to join its Smith Barney retail brokerage business into a joint venture with Morgan Stanley, in a move that could see it get about $2.5 - $3 billion cash, a source familiar with the situation said.<div class="feedflare">
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