The slogan "The Citi Never Sleeps" should be changed to "The Citi Shareholder Never Sleeps". Something is seriously wrong behind the scenes at Citigroup.-Lou
Citi set to pare back further after brokerage deal
Bank seen shedding more units following Morgan Stanley joint venture
By MarketWatch
BOSTON (MarketWatch) -- Following a blockbuster brokerage deal with Morgan Stanley, Citigroup Inc. is set to unveil a sweeping plan to unload several businesses and reduce its size by one-third -- moves that essentially sound a death knell for its financial-services supermarket model, according to a published report.
Citigroup announced a brokerage joint venture with Morgan Stanley late Tuesday, in what could be the first part of a major reorganization of the struggling company
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