June 2009
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“The new structure is designed to bring us closer together as a firm to serve clients without diluting the strength of any one business” Ajay Banga, Citi |
THE FINANCIAL WORLD of March 2008 was very different to the one we now inhabit. One of the most over-leveraged of US investment banks, Bear Stearns, was being bundled up and sold for a song to JPMorgan; another, Lehman Brothers, was but months from unwitting bankruptcy.
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