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Dec 16, 2023 · The deal, engineered by Sandy Weill, gave Citigroup the investment banking operations of Salomon Brothers, which at the time was the industry’s largest underwriter of municipal bonds and...
- 4 min
- David Hollerith
Jan 2, 2010 · Weill’s successful push to repeal the Glass-Steagall Act is under attack. To create Citi, he fought to change laws that had prevented banks, insurers and brokerage firms from merging.
Jan 4, 2010 · As Citigroup struggles to regain its footing, the legacy of Sandy Weill, who built his wealth, status and power by creating what was once the world’s largest bank, has taken on a darker hue.
In 2003, Weill sold 5.6 million shares of Citigroup back to the financial institution for nearly $264 million and relinquished the title of CEO to Charles O. Prince. He remained Chairman of Citigroup until 2006.
Sep 1, 2002 · In creating the modern Citigroup, Sandy Weill took the banking industry into a new era. Now beset by troubles on all fronts - Enron and WorldCom fallout, consumer finance allegations and a controversial new management structure - some analysts fear 'the king of capital' may be losing his magic touch.
Jul 25, 2012 · In their 1998 megamerger, Citicorp and Travelers Group execs clinked flutes over the advent of the financial supermarket: one-stop shopping for investment banking, certificates of deposit,...
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Nov 20, 2002 · The change allowed commercial and investment banks to merge and sanctioned the creation of one-stop financial supermarkets such as Weill’s Citigroup, which is a brokerage, a bank, and an ...
