Pay close attention to the date this was written and the names in the article. *(Special credit to Temo1051 from Stockstop.org for poitning this article out)
Citigroup Statement on Financial Services Modernization Act
Business Wire, Oct 22, 1999
NEW YORK--(BUSINESS WIRE)--Oct. 22, 1999--
Chairmen and Co-Chief Executive Officers Sandy Weill and John Reed said: "We congratulate the leaders of our country for their efforts in hammering out a successful agreement on the last remaining issues surrounding the Financial Services Modernization Act. In particular, we congratulate President Clinton, Treasury Secretary Larry Summers, NEC Chairman Gene Sperling, Under Secretary of the Treasury Gary Gensler, Assistant Treasury Secretaries Linda Robertson and Greg Baer, Senators Gramm, Dodd, Schumer, Johnson, Edwards, and Members of Congress Leach, Bliley, Dingell and La Falce and the Congressional Leadership including Senators Daschle and Lott and Speaker Hastert and Democratic Leader Gephardt."
"By liberating our financial companies from an antiquated regulatory structure, this legislation will unleash the creativity of our industry and ensure our global competitiveness. As a result, all Americans - investors, savers, insureds -- will be better served."
Citigroup (NYSE: C), the most global financial services company, provides some 100 million consumers, corporations, governments and institutions in 100 countries with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. The 1998 merger of Citicorp and Travelers Group brought together such brand names as Citibank, Travelers, Salomon Smith Barney, Commercial Credit (now named CitiFinancial) and Primerica under Citigroup's trademark red umbrella. Additional information can be found at: www.citigroup.com.
COPYRIGHT 1999 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
Monday, January 26, 2009
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