Breakingviews | Citi/Primerica

Considered view

06 Nov 2009 17:57

Not quite canned

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The megabank is hiving off the insurer, one of Sandy Weill’s first acquisitions. But it’s not a clean break. Citi is keeping much of Primerica’s earnings and will remain a major shareholder for now. It’s a fittingly complex way to mark the dismantling of Citi’s sprawling empire.

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