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Tuesday, January 13, 2009

WSJ: Citi to Announce Major Reorganization

by Calculated Risk on 1/13/2009 03:26:00 PM

From the WSJ: Citi Preparing Major Overhaul

Citigroup ... is preparing to unveil a major reorganization ... In addition to spinning off the New York company's Smith Barney ... Citigroup is preparing to narrow its overall mission to two areas ... wholesale banking for large corporate clients and retail banking for customers in selected markets around the world.