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Real Estate & Property Law

: Housing Wire

Citigroup Confirms Brokerage Spinoff Plans

By DIANA GOLOBAY

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(Update 1 reflects details on the joint venture released late Tuesday.) Citigroup Inc. (C: 5.90 +5.36%) confirmed Tuesday it reached an agreement with Morgan Stanley (MS: 18.86 +0.37%) about the joint venture of its retail brokerage business, Smith Barney, and the wealth management business operated by Morgan Stanley. The joint venture, to be called Morgan Stanley [...]

Full post as published by Housing Wire on January 13, 2009 (boomark / email).

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