Entries tagged "brokerage"
When it comes to Citigroup Inc.'s drastic restructuring efforts, it appears that the new motto will be "everything old is new again." With the financial crisis shaking the bank to its core, Citigroup is restructuring itself and selling off business units in an effort that will leave it looking ... well ... just like it did prior to its landscape-changing merger with Travelers Group in 1998. ...
Look out Bank of America Corp., the brokerage world may soon have another 800-pound gorilla as Citigroup Inc. and Morgan Stanley are reportedly deep into discussions that could result in the merging of their two brokerage units....
