Word: krawcheck
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...Citigroup tried to save itself by dividing in half. Responding to alleged conflicts of interest between the research and investment arms of its Salomon Smith Barney investment bank, the world's largest financial institution will split off analysts into a new unit called Smith Barney and headed by Sallie Krawcheck. As CEO of independent research firm Sanford Bernstein, Krawcheck became the model of honest analysis while banks like Citigroup were rocked by scandal. But is this real reform, or just a gesture? Significantly, Citigroup's announcement came the day that it and nine others agreed to pay about $1 billion...