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Intra-bank politics: Salomon developing its own ABCP conduit, sources say: How do term ABS and conduit businesses interact within banks?

According to several market sources, Salomon Smith Barney is said to be in the process of starting its own ABCP conduit - distinct from Citibank's well-established conduit business - bringing to the fore the political squabbling often involved in having separately managed conduit and term ABS businesses within the...

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