In Bid To Survive, Citigroup Looks To Shrink
by Jim Zarroli, NPRJanuary 14, 2009
Citigroup, long the definition of a financial services conglomerate, is planning to get smaller fast. Citi announced Tuesday that it is splitting off its brokerage unit, Smith-Barney. Citi is reportedly preparing to undo many of the acquisitions that took place over the past decade.
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