Monday, January 12, 2009

Citi-Morg

A deal to combine the brokerages of Citigroup and Morgan Stanley would not only give Citi much-needed cash, it would also give Morgan Stanley more manpower, analysts said.
"If Morgan and Citi get together, they would be able to put together a retail brokerage unit that is larger than Merrill's thundering herd, which could position them well in the marketplace," said Chris Probyn, chief economist at State Street Global Advisors. "This may be a way of staying
competitive."

http://www.google.com/hostednews/ap/article/ALeqM5j7mckbS5RXsxsJw8XfmLsSEUhUFgD95LG3SO0

What do you get when you merge Citigroup and Morgan Stanley

Citi-Morg or Morg Citi.

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Harlan Ellison