In a city of banking giants, Freedom tried to operate for home buyers and businesses in black neighborhoods.

With combined assets of $1.1 trillion, the new banking giant runs a close second to Citigroup.

Another factor is the condition of the global banking giants.

With about $23 billion in assets each, they were too small to compete effectively in a world increasingly dominated by banking giants.

The move involved laying off 94 employees, but the banking giant said it would try to reassign them.

Consultants say that there may be more on the horizon, but that they expect small, focused purchases rather than combinations of two banking giants.

Citigroup, the global banking giant, is stepping up its first major overhaul since it was forged by a merger nearly a decade ago.

Citigroup, the global banking giant, is shrinking - but only its name.

The city is home to a large number of financial institutions and banking giants.

Credit Suisse, the Swiss banking giant, will hold 44.5 percent of the holding company.