The News: Citi Unveils Its New Self

eFC logo

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]


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]