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Reuters: Citi breakup in sight after Morgan Stanley deal

Started by chris, January 14, 2009, 03:59:15 AM

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chris

Citi breakup in sight after Morgan Stanley deal
      


NEW YORK (Reuters) - Citigroup Inc  agreed to merge its Smith Barney brokerage with Morgan Stanley's  wealth management unit on Tuesday, and is expected to make further asset sales to raise capital and to isolate toxic assets from the rest of the bank.<div class="feedflare">
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