The increasing likelihood the US Treasury will end up with a big holding in return for throwing Citi its third lifeline in less than four months has prompted other Wall Street groups to go on the offensive in Washington.
Citi insiders dismiss calls to limit the group's activities in higher-risk areas such as proprietary trading, prime brokerage and derivatives, and its vast international business, as the self-serving desires of bitter rivals.
Yet the prospect that one of the world's largest banks could be taken over by the government revives questions about the shape of the financial sector and rules for banks that are nationalised.
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