Fed rubber stamps Citicorp-Travelers merger.(Federal Reserve Board's approval of the merger of Citicorp and Travelers Group): An article from: Dollars & Sense

This digital document is an article from Dollars & Sense, published by Economic Affairs Bureau on November 1, 1998. The length of the article is 621 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The US Federal Reserve Board has approved the merger of Citicorp and Travelers Group in Sep 1998. The newly merged company called the Citigroup will have a global asset of $700 billion and an estimated 100 million customers worldwide. Despite the approval of the merger, the companies are still concerned on the implications of the Glass-Steagall Act and the Bank Holding Company Act which prohibits banks from underwriting insurance. Both companies are lobbying for the passage of the financial modernization bill which will eliminate the need to divest Citigroup's insurance holdings.

Citation Details
Title: Fed rubber stamps Citicorp-Travelers merger.(Federal Reserve Board's approval of the merger of Citicorp and Travelers Group)
Author: Sarah Ludwig
Publication:Dollars & Sense (Newsletter)
Date: November 1, 1998
Publisher: Economic Affairs Bureau
Issue: 220 Page: 9

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