Morgan Stanley (MS) may pay Citigroup (C) $3B to take a 51% stake in Smith Barney - with an...

|By:, SA News Editor

Morgan Stanley (MS) may pay Citigroup (C) $3B to take a 51% stake in Smith Barney - with an option to acquire the rest. The combined brokerage unit would be the #1 financial advisor to individuals, ahead of Bank of America (BAC). (Bloomberg)