Will Citigroup's Parade Get Rained Out?

Sandy Weill says no, but the Travelers-Citibank deal is making the market nervous

To see Sanford I. Weill, you wouldn't know the biggest deal of his career is coming under fierce attack by the market. The chief executive of Travelers Corp. seemed relaxed and enthusiastic on Sept. 15 as he described a "sleepover" he and John S. Reed, Citicorp's CEO, hosted the night before at Travelers' conference center in pastoral Armonk, N.Y. It was a get-acquainted gathering for the 14 men and 2 women who have been chosen as board members of Citigroup, the company to be formed by the combination of Travelers and Citicorp.

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