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Legg Mason, Inc.

A collection of news and information related to Legg Mason, Inc. published by this site and its partners.

Top Legg Mason, Inc. Articles see all

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  • Legg is reportedly in no hurry for deal

    Legg Mason Inc., reported to be in talks with Citigroup Inc. to shed its brokerage business and expand its investment management portfolio, might not be in a hurry to do a deal, according to industry watchers.
  • Legg promises its customers a smooth switch

    Legg Mason Inc. promises its customers a smooth transition when the Baltimore company swaps businesses with Citigroup Inc. and analysts predict those investors may even see lower fees as a result of the $3.7 billion deal announced yesterday. Legg Mason...

    Mason says 'few' jobs will be lost

    "Few" jobs will be lost as a result of the agreement announced yesterday between Citigroup Inc. and Legg Mason Inc., Legg Mason CEO Raymond "Chip" Mason said yesterday. In fact, Citigroup may open an operations center in Baltimore, Mason said in an...

    Mutual-fund reform played role in deal

    Neither was at the negotiating table, but New York Attorney General Eliot Spitzer and retiring Securities and Exchange Commission Chairman William H. Donaldson played a supporting role in Legg Mason Inc.'s $3.7 billion deal to swap businesses with...

    Legg Mason, Citigroup agree to swap business

    Legg Mason Inc. agreed yesterday to trade its brokerage unit for the money management business of financial giant Citigroup Inc. in a $3.7 billion deal that transforms the Baltimore-based firm from a regional player into the world's fifth-largest money...