Yes, Citigroup is a strange bank, the largest American bank. It has good sides and bad sides. It has released a plan to lower the interest on mortgages it has, and turn ARMs into fixed rate mortgages. Yet Citigroup seems to be on the point of splitting up. The Smith Barney investment house is to be sold or consolidated into Morgan Stanley. The Primerica Life Insurance, etc branch is to be sold. The asset management parts are to be split off from the global banking operations.
Sunday, January 18
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