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Report: Citigroup Creator Apologizes for Merger

Source: Fox News
New York City : NY : USA | 28 days ago  
Views: 9
Reed, former chairman of Citicorp Inc. (C), and the chief executive that presided over the bank’s merger with Travelers Group Inc...The deal, which saw the combination of Reed’s commercial bank with Travelers which owned investment and bond-trading firm Salomon Smith Barney Holdings Inc.,...
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  • News Source: Sydney Morning Herald | 26 days ago
    Reed, who helped engineer the merger that created Citigroup Inc., apologized for his role in building a company that has taken $US45 billion in direct US aid and said banks that big should be divided into separate parts. ``I'm sorry,'' Reed, 70, said...
  • News Source: Fox News | 26 days ago
    Reed, former chairman of Citicorp Inc. (C), and the chief executive that presided over the bank’s merger with Travelers Group Inc...The deal, which saw the combination of Reed’s commercial bank with Travelers which owned investment and bond-...
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