Jane Fraser on hunt to put the old Citi back together
News Source : New York Post
News Summary
- Citigroup is looking to get back to serving small investors after being forced to exit the brokerage business more than a decade ago.
- People close to Citi say buying a brokerage firm has become a possibility because of a less stringent regulatory environment from the Trump administration and the Federal Reserve.
- Citi’s near demise during the 2008 financial crisis is one of the reasons why Morgan Stanley is currently the biggest brokerage.
- A Citi spokesperson would not deny to On The Money the desire for a brokerage deal.
Citigroup is looking to get back to serving small investors after being forced to exit the brokerage business more than a decade ago, sources tell On The Money.People with knowledge of the big bank [+4477 chars]
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