1998年,在旅行者集团(Travelers Group)和花旗集团(Citi Group)合并形成全球金融服务公司花旗集团。
微软公司和旅行者集团跌幅居前。
Microsoft Corp. and Travelers Cos. were also dragging down the dow.
2002年,他们就甩掉了旅行者集团的财产险和伤亡险部门。花旗不久前还在设法大力发展保险业,今天却将之弃若敝屣。
Having spun off Traveler's property and casualty arm in 2002, it has largely dumped a business that not long ago it sought to expand.
在1998年,当花旗集团和旅行者集团合并成新的花旗集团的时候,这个前任的花旗首席执行官Sanford Weill不会预料到今天的情况。
That's not what former Citigroup Chief Executive Sanford Weill envisioned when the company was created in 1998 by the combination of Citicorp and Travelers group.
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