"Supermarket banking," as epitomized by the 1998 Citicorp-Travelers merger, isn't right "for the...

|By:, SA News Editor

"Supermarket banking," as epitomized by the 1998 Citicorp-Travelers merger, isn't right "for the times" nor for Citigroup (C), says CEO Pandit. He again notes Citi's asset disposals over the past few years have been aimed at moving away from the supermarket and back to the core business of banking.