Edward "Ned" J. Kelly 3rd, Citigroup Inc.'s chief financial officer, has at least $65 billion of reasons to feel better about the company's prospects for the coming year.

That is how much Citigroup plans to add to tangible common equity, which currently stands at less than half that amount, as it completes deals to merge its Smith Barney brokerage unit with Morgan Stanley, convert preferred stock held by the federal government and other investors into common shares and raise money through a private placement with the Abu Dhabi Investment Authority.

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