For Citigroup, asset sales likely to be difficult

By Paritosh Bansal NEW YORK (Reuters) - Citigroup Inc may explore further asset sales after divesting its Smith Barney retail brokerage unit to ... retail-brokerage operations and the private-label credit-card businesses may also be put on the block [more...]

Date: 2009-01-12 23:09:30

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The Inevitable Consolidation of Retail Brokerage

The Inevitable Consolidation of Retail Brokerage Jan 12th, 2009 | Filed under: Uncategorized You don’t need to be Carnac to know that the investment banking industry will never be the same [more...]

Date: 2009-01-13 00:35:09

Citi, Morgan Stanley in brokerage talks; Rubin quits

09 Jan 09Citigroup Inc is in advanced talks to sell its Smith Barney brokerage unit to Morgan Stanley, ... this year. He joined Citigroup in 1999.A combined brokerage would have more than 23,000 financial advisers before attrition, ranking as the world’s largest retail brokerage, surpassing rivals Bank [more...]

Date: 2009-01-10 16:41:55

Morgan Stanley Smith Barney and the Future of Citigroup

The short story is that Citigroup (C) and Morgan Stanley (MS) are allegedly combining the retail brokerage operations into a standalone entity with enough financial advisors to top the merged Bank of America (BAC) Merrill Lynch herd. Morgan Stanley is reported [more...]

Date: 2009-01-12 21:16:00

Darwin Didn’t Say Quite What You Thought He Did

What Darwin actually said was a lot more inspirational considering where we are now ... at the checkout counter. In it she recommends loading up on stocks to be positioned to ride the wave up, which ... . However, she’s not alone in advising retail customers to stay in stocks, the large brokerage [more...]

Date: 2009-01-05 11:05:51

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