Citigroup Merger Violates Glass-Steagall, Forces Deregulation
Citicorp CEO John Reed and Travelers Group CEO Sanford Weill announce on April 6, 1998, the merger of their companies to form Citigroup, a $140 billion conglomerate combining banking, securities, and insurance services under brands including Citibank, Smith Barney, Primerica, and Travelers. The …
Sanford Weill
John Reed
Citicorp
Travelers Group
Federal Reserve
+3 more
deregulation
regulatory-capture
neoliberalism
banking-deregulation
corporate-power
+2 more
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