The deal Boston Pops Orchestra will also lead to Citi revaluing the unit

The deal unveils Boston Pops Orchestra will also boston pops recounts lead to Citi revaluing the unit as partof the bigger venture rather than a stand-alone business,leading to a gain of $5-$6 billion post-tax in tangible commonequity, said the source, who asked not to be identified becausethe talks aren't public. The cash would be a big boon for Citi, which is undertremendous pressure from the U.S. government to shore up itsbalance sheet after taking $45 billion of government capital inOctober and November. Capital is crucial for the bank, which has posted more than$20.3 billion of net losses for the four quarters ended Sept30. Under the deal being discussed, Morgan Stanley would take a51 percent stake in the venture and would also have options toincrease that amount at a period of 3-6 years in the future,the source said.

The cash payment would allow Morgan Stanley -- which has asmaller brokerage business than Citi -- to take a controllingrather than a minority stake in the venture boston pops orchestra tickets . A deal could be announced this week but is unlikely to comeas soon as Monday, the source said A second source said anannouncement was expected this week boston pops tanglewood . The new business would have a combined estimated value of$16 billion to $20 billion, the first source said boston symphony orchestra . It would have more than 23,000 financial advisers beforeattrition, ranking as the world's largest retail brokerage,surpassing rivals Bank of America Corp (BAC.N) and Wells Fargo& Co (WFC.N) boston pops symphony .

For Citi, securing a joint venture deal is an easier movethan selling the asset at a bad time in the market boston pops symphony orchestra . Indeed, fewbuyers have the cash available to buy Smith Barney outright orchestra . The deal also allows Citi to enjoy a share of the venture'searnings tanglewood org . The new joint venture could extract cost savings fromconsolidating real estate and trade processing platforms tanglewood music center . The combined business would likely have Morgan StanleyCo-President James Gorman as chairman, and Citigroup GlobalWealth Management President Charles Johnston as its chiefexecutive, a source previously told Reuters. That couldstrengthen Gorman's position in any future discussions over apossible successor to Morgan Stanley CEO John Mack. A source previously told Reuters that Citi had alsodiscussed internally the possibility of selling its BanamexMexican banking unit.

However, a source on Sunday said thatunit wasn't on the block boston pops orchestra music . BIG CHANGES Shedding Smith Barney would be the latest, and perhaps theboldest step in dismantling Sanford "Sandy" Weill's originalconception for Citigroup when his Travelers Group Inc boughtCiticorp to create the world's largest financial servicesconglomerate joseph meyerhoff symphony hall . Citi CEO Vikram Pandit is trying to shed hundreds ofbillions of dollars of assets and reduce risk meyerhoff symphony . The bank hastaken $45 billion from the government's Troubled Asset ReliefProgram, $20 billion of which came from a federal bailout inNovember that will also limit potential losses on some assets Separately, former U.S meyerhoff . Treasury Secretary Robert Rubinresigned as a senior counselor to Citigroup on Friday,following months of criticism of his performance. The70-year-old Rubin will remain a director until the bank'sannual meeting later this year The future of chairman Sir Win Bischoff is unclear. The NewYork Times previously reported that Citigroup's directors areconsidering replacing him with lead director and former TimeWarner Chairman Richard Parsons as soon as next week.

Parsons told the Wall Street Journal Sunday that thebanking giant's board isn't losing faith in Pandit . "We have confidence in the current management andleadership of Vikram," he said boston symphony orchestra schedule . "There's no truth" to rumorsthat Pandit's job is in jeopardy barely a year after he tookthe reins, Parsons told the paper Rubin had been a key supporter of Pandit boston symphony orchestra tickets . (Additional reporting by Joseph Giannone; Editing by BernardOrr and Lincoln Feast) Stocks Mergers & Acquisitions Funds News ETFs News . BEVERLY HILLS (Reuters) - "Vicky Cristina Barcelona" won the Golden Globe for best musical or comedy movie on Sunday. Entertainment  |  Film  |  TelevisionThe film by director Woody Allen, beat competition from "Mamma Mia!," "In Bruges," "Happy-Go-Lucky" and "Burn After Reading." Entertainment Film Television. For years, the Knicks have been searching for a pass-first point guard.