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Citigroup & Morgan Stanley Finally Resolve Brokerage Fight

According to recent reports, Morgan Stanley and Citigroup have finally come to a mutual agreement in terms of the value of their joint venture brokerage. The latest valuation comes to the tune of $13.5 billion, which is a great win for Morgan Stanley after months of going back and forth. This value is much lower than Citigroup had originally given to Morgan Stanley Smith Barney on its record books,...