|
Smith Barney is the retail brokerage division of Citigroup.
Smith Barney
Smith Barney was owned by Primerica when Commerical Credit bought the company in 1988.
Salomon Brothers
In 1997 Travelers Group Inc. acquired Salomon Inc., parent of Salomon Brothers. Salomon Brothers was the Wall Street powerhouse of bond trading and research during the 1980s, but lost much of its favorable reputation after several scandals, including a Treasury bond scandal in 1992. Which included wrongdoings by Paul Mozer, and led to the resignation of John Meriwether.
2002 "scandal"
Claims of unethical practices between research and investment banking divisions during 2002, leading to a separation of the two businesses, moving the investment banking business to the Global Corporate and Investment Bank, and leaving the research and Private Client Services under Smith Barney. And a settlement fine of $400 million.
See also
External links
|
