Seeking Alpha

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

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.
Comments (3)
  • sethmcs
    , contributor
    Comments (2982) | Send Message
     
    Why doesn't he tell the truth breaking up the big banks inhibits the ability to serve big governments.
    20 Aug 2012, 04:46 PM Reply Like
  • bill d
    , contributor
    Comments (1864) | Send Message
     
    "operating the business and serving clients"
    That's what madames do til they get caught..
    Take your money and give you a good screwing.
    Some times you at least get a kiss.
    21 Aug 2012, 12:32 AM Reply Like
  • bernie 1
    , contributor
    Comments (492) | Send Message
     
    bill-----Don't kiss the Madame,I've seen her at work !
    And sethmcs, please tell me who you would want to serve both big governments & for that matter multi-national companies? Should it be a bank that as bad as they are will be watched by, even in a small way by a legit government agency,or by a rouge nation with their own set of accounting rules?
    21 Aug 2012, 08:02 AM Reply Like
DJIA (DIA) S&P 500 (SPY)