Word: citigroups
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...deal would create the world's biggest company, to be called Citigroup, with $700 billion in assets and a market value of nearly $160 billion. It would join under one name some 100 million customers in 100 countries, 162,600 employees and 3,200 offices, and offer every conceivable financial service for individuals and corporations. Under one umbrella you could get money to buy a house or a FORTUNE 500 company, trade stocks, bonds or foreign exchange, insure your life or find export financing. Heck, you could even open a checking account. Says Roy Smith, a professor of finance...
...Customers of the new company, dubbed Citigroup, will be able to shuffle money instantly between banking, money market, insurance and mutual fund accounts. And even get out a sawbuck for lunch...