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Citi to lose $2.9 billion on Smith Barney sale
Citigroup said it expects to book an after-tax loss of $2.9 billion from the sale of its remaining 49% stake in Smith Barney to Morgan Stanley. The disclosure, made in an SEC filing Tuesday afternoon,...
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Don't expect a Citigroup break-up
Citigroup (C) may have just gotten a new CEO, but don't expect the world's financial supermarket to be dismantled anytime soon, say several current and former Citi bankers. Vikram Pandit's sudden...
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