Citigroup (C) CEO Vikram Pandit rejects calls to break up the big banks, saying much of the...

|About: Citigroup Inc. (C)|By:, SA News Editor

Citigroup (C) CEO Vikram Pandit rejects calls to break up the big banks, saying much of the shrinkage has already occurred. What's left is "operating the business and serving clients, and not a strategy based on dealmaking," he says. Future growth, he contends, will come from serving emerging-market multinationals, an ability that would be crippled if the bank were split into pieces.