Tom Reese/Paul Rubillo, Dividend.com
The Financial Times is reporting Goldman Sachs (GS) had reached out to Citigroup (C) shortly after receiving approval to become a commercial bank in late September.
The interesting part of the deal was that it would have been structured as a Citigroup takeover of Goldman Sachs. That comes as a shock to some in the financial space, as many have suspected that Goldman would never agree to any takeover attempts, let alone one by consummate rival Citigroup.
The Bottom Line
The market's take on this story may to question how strong Goldman Sachs truly is at the moment. Citigroup has come under scrutiny in recent years as having a ''can't shoot straight'' sort of management structure. We'll be following any news that we get that may further elaborate on this potentially surprising deal attempt. Neither company is on our "Recommended" dividend stocks list at this time.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
