Citicorp's Distribution Technology Lures Travelers Into Huge Merger
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NEW YORK--Bolts from the blue are an everyday occurrence in the financial markets, but some shockers truly take your breath away. The latter description surely applies to Monday's announced merger between Citicorp and Travelers Group.
Too many financial companies have talked about their future strategies: Months ago, American Express was rumored to have discussed a merger with Citibank, but Monday's blockbuster was Sandy Weill's way of having the last laugh on Jimmy Robinson. Chase Manhattan
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