The Citicorp/Travelers Group merger ran into congressional criticism Thursday as Rep. Maxine Waters urged regulators to block the deal until money laundering charges against Citibank are settled.

"No merger should go forward unless Citibank is completely exonerated of these charges," the California Democrat said at a press conference. "If any of these devastating allegations lead to criminal conviction, Citicorp never should be allowed to merge or acquire again."

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