Stockbrokers Back In Vogue As Investment Bankers Tumble

Stockbrokers Back In Vogue As Investment Bankers Tumble

With investment bankers desperate for deals and traders disgraced by losses, everyday stockbrokers suddenly are back in vogue on Wall Street.

While Morgan Stanley and Citigroup Inc. are still negotiating how a joint venture of their brokerage operations will be structured, a public announcement of the deal could come as early as Tuesday, according to people familiar with the discussions.

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