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

"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.
Comments (5)
  • idkmybffjill
    , contributor
    Comments (1555) | Send Message
     
    A good move.
    22 Aug 2012, 07:59 PM Reply Like
  • surfnspy
    , contributor
    Comments (415) | Send Message
     
    I like it.
    23 Aug 2012, 01:56 AM Reply Like
  • SHANE06
    , contributor
    Comments (25) | Send Message
     
    This is a good change of direction which should pay off for shareholders in two to three years.
    23 Aug 2012, 09:19 AM Reply Like
  • User 285278
    , contributor
    Comments (3) | Send Message
     
    Mr.Pandit is selling Citi assets on the pretext that supermarket model is not good for the time. That may be so. But where is that money accumulating? It is not showing up in the stock price. Citi shares are sinking while the company is shrinking.
    23 Aug 2012, 06:28 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1555) | Send Message
     
    Book value.
    24 Aug 2012, 09:50 AM Reply Like
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