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The company which originally was created as a bank has become a vast global financial empire with a broad reach and various businesses. The article states that Citigroup is separating itself into two separate divisions: a financial investment banking division and stock research division. In an effort to circumvent negative publicity and regain stockholder respect this is the first step in revamping the financial giant. Among allegations of Wallstreet wrongdoing, Citigroup is separating its stock research from its investment banking operation in an attempt aimed at eliminating potential conflicts of interest...
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