Best Business Commentary

Citigroup has two options: continue as an unmanageable “bloated mess” or break itself up, says David Weidner in MarketWatch. Susan Blue Hitt is rewriting the formula that will determine your mortgage rate, says Anne Kadet in SmartMoney, and that’s good ne

Citi must degroup

Citigroup has two options: continue as an unmanageable “bloated mess” or break itself up, says David Weidner in MarketWatch. And only the second option is really feasible. Chairman Robert Rubin and acting CEO Win Bischoff “haven’t signaled that they are ready to make the hard, but increasingly obvious choice of a breakup,” but who they choose to fill the “leadership vacuum” will tip their hand. Another protege of Citigroup architect Sandy Weill wouldn’t “bode well” for a breakup, while a long-shot candidate like BlackRock’s Laurence Fink just might have the right “outsider’s perspective.”

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us