Citicorp & Traveler’s Group: At the Altar

While the Citi never sleeps, on April 6th, it was particularly restless. It was, after all, on that Monday that Citicorp and Traveler’s Group Inc. announced their engagement to marry their operations. In a truly modern fashion, the newly formed group will use the equivalent of a hyphenated surname, Citigroup, and with $700 billion in assets, the union will form the biggest financial services company in the world. The new couple will reside under the familiar red umbrella that has been the long time family shelter of the Traveler’s Group.

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