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IPFS News Link • Economy - Economics USA

Citigroup starts breaking up;

1-14-2009 • Washngton Post

Citigroup will combine Smith Barney with the wealth management division of long-time rival Morgan Stanley. Citigroup will own 49% of the joint venture and get a cash payment of $2.7 billion from Morgan Stanley, which can buy the rest of the joint ven

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Reported By Powell Gammill

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