This resulted from personal conflict between the two. Sandy got jealous of Jamie at Citi and personally took it against Jamie when Jamie assiggned his daughter to branch banking (which she wanted)
Jamie separated from Citi, joined Bank One and then set up the JP Morgan group. Citii is now shadow of its old self. Its no longer in the PHL
It was ironic that Sandy earlier lobbied for the banking and investment function be merged; later he reversed himself. Banking act of 1933 Glass -Steagell Act
