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Citi, Morgan Stanley near deal on brokerage

Source: Channel NewsAsia

Washington : DC : USA | 10 months ago

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Ailing US banking giants Citigroup and Morgan Stanley are near a deal for a joint venture to create the world's biggest brokerage, The Wall Street Journal reported on Monday. Such a deal would merge Citi's Smith Barney unit with the brokerage operations of Morgan Stanley.

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Citi confirms talks with Morgan Stanley on brokerage combination

News Source: MarketWatch | 10 months ago

No definitive agreement has been reached, and no assurance can be given that any such agreement will be reached," the bank said, noting it has nothing else to say on the subject. Citigroup shares slipped 2% to $5.49 Tuesday, in addition to the 17%...
Citi, Morgan Stanley near deal on brokerage

News Source: Channel NewsAsia | 10 months ago

Ailing US banking giants Citigroup and Morgan Stanley are near a deal for a joint venture to create the world's biggest brokerage, The Wall Street Journal reported on Monday. Such a deal would merge Citi's Smith Barney unit with the brokerage...