What you need to know about Citibank’s corporate takeover

Commercial bank Citibanks is buying a stake in the nation’s second-largest consumer bank for $3.2 billion in cash and stock.The purchase of the U.S. Bank branch and the acquisition of the bank’s assets will boost CitibANK’s corporate balance sheet to $4.6 trillion, according to Citigroup analysts.The transaction comes after years of talks that led to …