The only unhappier group of brokers on Wall Street are the ones working for Morgan Stanley Smith Barney-another merger whose success is still pending.
Then again, a fee-generating business like Smith Barney might be what the new trimmed-down and de-leveraged Citi needs.
For Citi, a spin-out of Smith Barney would move the firm more dramatically away from its financial-supermarket model than any of the other recent divestments it has undertaken.
Salomon Smith Barney ex-CEO Michael Carpenter --who headed the house of Grubman--resigned from the board in October after taking a different post within Salomon.
Nonetheless, Weill will from January fold Salomon Smith Barney's 400- person Japanese unit and all of Nikko's nearly 500-person corporate division, domestic and overseas, into newly formed Nikko Salomon Smith Barney.
But lawyers for investors in the firm of Milberg Weiss , which have been named the lead counsel for Enron shareholders nationwide, will on April 8 add Wall Street firms Goldman Sachs (nyse: GS - news - people ), Salomon Smith Barney, a unit of Citigroup (nyse: C - news - people ), J.
The reason why a spin-out of Smith Barney seems odd for Citi is also why it makes sense for Morgan Stanley.
The letter was signed by Committee Chairman James Sensenbrenner, R-Wisconsin, ranking minority member John Conyers, D-Michigan, Crime Subcommittee Chairman Lamar Smith, R-Texas, and subcommittee ranking member Barney Frank, D-Massachusetts.
Mr Schlinkert, who formed Communicator in 1999 as a spin-off from Salomon Smith Barney, a stockbroking firm, believes that instant messaging is indispensable to brokers, traders, and their clients.
At the time of the e-mails Citi owned Smith Barney, the retail wealth management arm of the bank made up of thousands of financial advisors and led by Sallie Krawcheck.
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Citigroup is soon to reveal the number of claimants under the settlement of a discrimination suit against its investment-banking arm, Salomon Smith Barney.
Grimley used to speak to his brokers constantly at Salomon Smith Barney 's Atlanta office--and as far as he knew he wasn't being taped.
Amazingly, Keyes explains how she went on to sue Smith Barney, an investment mega-giant, culminating in Keyes winning one of the most significant financial awards to date.
"It is an opportunity to acquire a brand with a higher price-point, " says Salomon Smith Barney retail analyst Kent Chan.
Internet analyst Mamoun Tazi, of investment bank Schroder Salomon Smith Barney, said investors in e-commerce stocks were nervous about online security.
Contemplate the fall from grace of superstar analyst Jack Grubman of Salomon Smith Barney or the rise of just-elected New York Governor Eliot Spitzer.
In fact, if Metzler is getting a 13% annual fee on NovaStar, then Smith Barney is probably charging the short-seller a bit more than that.
John Leonard, an analyst at Salomon Smith Barney, envisages a continuing stand-off between banks across national borders until the last pairing-up is done at home.
Firms like Citigroup Global Markets (formerly Salomon Smith Barney) work the interest spreads--paying less than 1% on cash balances but charging upwards of 6% to margin borrowers.
Salomon Smith Barney (nyse: SBF - news - people ) is under investigation by the New York Stock Exchange for similar allegations involving WorldCom workers.
Even stockbrokers--from Merrill Lynch, Salomon Smith Barney and A.G.
The other largest national full-service firms, Morgan Stanley Smith Barney and UBS Wealth Management Americas, "need to take this topic very seriously and have a strategy ready in how to connect with a younger generation, " Mr. Pirker says.
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The six-month program included a three-month internship at the brokerage house Salomon Smith Barney, where he got plenty of experience in building out networks.
While traditionally most CFPs have worked outside of big firms, Smith Barney and Merrill Lynch (nyse: MER - news - people ) are now encouraging their own brokers to earn CFP credentials, too.
The reason for the write-off is the gaping difference between the value of Smith Barney assets on the books of Morgan Stanley and Citigroup.
Shah subsequently sent fabricated emails to his email address at Smith Barney with attachments that purported to be letters from Client- 2 authorizing the two transfers.
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Adelman also won plaudits following his contrarian March 2003 call that tobacco stocks would outperform the overall market, even as analysts from Smith Barney, Credit Suisse First Boston and the big debt-rating agencies were downgrading the sector.
Morgan Stanley Smith Barney LLC and Brian Wilder, Respondents (FINRA Arbitration 11-03937, September 21, 2012).
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Simon Taylor of Salomon Smith Barney estimates that all three companies are trading at a 20-25% discount to their break-up value.
Even more attractive are its 10m pension-fund customers, accounting for nearly one-third of the Latin American pensions market, according to Salomon Smith Barney.
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