Citigroup (C) could book a $10B gain if its rumored brokerage JV with Morgan Stanley (MS) - to...

|About: Citigroup Inc. (C)|By:, SA News Editor

Citigroup (C) could book a $10B gain if its rumored brokerage JV with Morgan Stanley (MS) - to be called Morgan Stanley Smith Barney - goes through. The gain would come from writing up the value of Smith Barney to reflect the deal price, and would be a boost to Citi's balance sheet.