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Citigroup to merge Japanese brokers into single unit: Nikkei

HONG KONG (MarketWatch) — Citigroup Inc will merge its Japanese brokerage units into a single entity within two years, as the New York-headquartered financial group seeks to reorganize overlapping businesses, according to a Japanese media report Thursday. The merger will affect the retail-focused Nikko Cordial Securities Inc. and the wholesale-focused Nikko Citigroup Ltd, the Nikkei business daily reported Thursday. Citigroup will announce a detailed merger plan for its Japanese operations by the end of February.
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Original post by Forextvblog

This entry was posted on Thursday, February 21st, 2008 at 12:15 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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