Citigroup cleans up business
The corporation is still selling its brokerage division The first significant transaction in the financial market in the new year, it seems, will be the sale of another asset included in the Citigroup corporation. This time we are talking about the brokerage division of Smith Barney. According to unofficial data, 51% of the broker will be acquired by one of the largest financial corporations in the United States, Morgan Stanley, which will pay about $3 billion for a controlling stake.