Cultures overlapped rather than melded (the resilience of the Smith Barney name is one telling indicator).

企业文化互相交叉，而不是融合在一起(史密斯邦尼仍然响当当的名字就是一个例证)。

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Morgan Stanley Smith Barney (MSSB) not only provides a huge distribution platform-for instance, the firm recently led a stock offering for General motors-but is also a useful source of deposits.

摩根·斯坦利美邦不仅提供了一个庞大的销售平台——例如，公司最近为通用汽车率领发行证券——而且也是一个有用的存款来源。

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The Smith Barney deal is already a watershed.

史密斯邦尼这一协议成了分水岭。

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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.

FORBES: Wells Fargo Should Think Twice Before Expanding

Then again, a fee-generating business like Smith Barney might be what the new trimmed-down and de-leveraged Citi needs.

FORBES: Pandit's Shrinking Citi

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.

ECONOMIST: Citigroup and Morgan Stanley