Tuesday, January 13, 2009

Semi-Breaking News: Citi Out With Confirmation of Nothing

Citi Statement

Business Wire

NEW YORK -- January 13, 2009

Citi today said that the company is in discussions with Morgan Stanley (NYSE: MS) concerning a possible combination of the retail brokerage business operated under the Smith Barney name and the wealth management business operated by Morgan Stanley. No definitive agreement has been reached, and no assurance can be given that any such agreement will be reached. Beyond this statement, Citi has no further comment at this time.

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