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Supermarket Sweep?

Citigroup spun off its Smith Barney wealth management business into a joint venture. Morgan Stanley, will hold a 51% stake in the combined business and pay $2.7 billion.


By KEN MacFADYEN

January 19, 2009

Citigroup spun off its Smith Barney wealth management business into a joint venture. Morgan Stanley, will hold a 51% stake in the combined business and pay $2.7 billion.

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