The News: Citi Unveils Its New Self
Citigroup and Morgan Stanley officially announced their joint-venture brokerage. But lest you were waiting for some kind of dust to settle, Citi also announced plans to focus its business on corporate clients and wealth individuals.
Good, Bad & Ugly [NY Post]
A Handy Guide to Citigroup's Deal with Morgan Stanley [WSJ]
And...
Barclays drops 2,100 investment jobs [NY Times]
Merrill Lynch is cutting in London [Financial News and the Times]
Blackstone's GSO Capital Partners is closing its Asian desk [Reuters]
Citic hires leader for Asian equities [Financial News]
Morgan Joseph adds two managing directors to corporate finance team [Trading Markets]
Oracle eyes more business in the financial world [InformationWeek]
Partner leaves Pershing Square Capital Management [Hedge World]
A trader's success may be preordained [Bloomberg]
The brutal needs of effective social networking [Scobleizer]
