"Citigroup, Morgan Stanley May Combine Brokerages"

STEVE INSKEEP, Host:

The deal involves Citigroup combining its brokerage operation with the brokerage of rival Morgan Stanley. Morgan Stanley would pay Citigroup $2 to $3 billion. If that combination were to go through, Morgan Stanley would have a controlling stake in a new operation that could be the largest retail brokerage in the world.