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Reuters: Citi inches toward Morgan Stanley brokerage deal

Started by chris, January 12, 2009, 08:59:27 PM

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chris

Citi inches toward Morgan Stanley brokerage deal
      


NEW YORK (Reuters) - Citigroup Inc inched closer to selling a stake in its Smith Barney retail brokerage business to Morgan Stanley, but its shares tumbled as investors fretted over the bank's expected fourth-quarter loss and future capital needs.<div class="feedflare">
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