Citigroup would tower over global rivals

Article Abstract:

The Citicorp and Travelers Group proposed $80 billion merger would make Citigroup the largest financial services company in the world. It will be the first U.S. based universal bank that can offer a full menu of services in insurance, underwriting, lending, brokerage and others. The companies combined will have a 100 million customers and 30% of those customers live outside the U.S. in 100 different countries. Citicorp's goal is to sign up 1 billion customers by the year 2010.

Comment:

The Citicorp and Travelers Group proposed merger would make Citigroup the largest financial services company in the world

Commercial Banks, Commercial Banking, Asset sales & divestitures, Acquisitions & mergers, Insurance, Insurance Carriers and Related Activities, Citicorp, Travelers Inc., Article

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These guys have money to spend on right ideas

Article Abstract:

Venture capital companies are investing huge amounts of money in Internet start-ups. In the first quarter of 1999, venture capital firms invested a record $2.1 billion in Internet startups, up from $1.6 billion in the same period a year ago, according to VentureOne. Sources of funds run the gamut from big technology companies such as IBM and Intel to billionaire investors such as Michael Dell.

Market information - general, Miscellaneous Intermediation, Venture Capital Companies

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