We're sort of accustomed to bad news about Citigroup. Shareholders are perpetually on edge. The inner politics of the place too often spill into public view, often to really embarrassing effect. But now for some good news: Business Week Online notes that Citigroup has really asserted itself in mergers advisory work. The bank's share of the global M&A market has grown to about 19 percent in 2004 to 27 percent this year. It's right up there with Goldman Sachs and Morgan Stanley. It has really made a mark in cross-border deals. Such deals often require expertise and a presence in many local markets, and Citigroup has been able to exploit its sheer heft and global brand. It has lots of other issues. But it's nice to be able to point to some success.

For more:
- here's the article from Business Week Online