Morgan Stanley (MS) and Citigroup (C) have delayed setting a valuation for their Smith Barney...

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

Morgan Stanley (MS) and Citigroup (C) have delayed setting a valuation for their Smith Barney brokerage JV from this week until Sept. 10. The postponement comes as the banks squabble over MS's purchase of a 14% stake from Citigroup; the latter values its 49% holding in the JV at $11B, while MS's bid represents 40% of that estimate. Perella Weinberg has been brought to help settle the dispute.