ResourceWise

Citigroup Should Walk Away from Wachovia

I think that Wells Fargo has given Citi an opportunity to ‘dodge a bullet’ over their shot-gun engagement with Wachovia. They need to settle for a payment and walk away and focus on their existing global franchise. Prudence not ego will be more useful at this time.

How Much Will a Wells-Wachovia Deal Cost Taxpayers?

I think that Wells Fargo has given Citi an opportunity to ‘dodge the bullet’ over their shot-gun engagement with Wachovia. They need to settle for a payment and walk away and focus on their existing global franchise. Prudence not ego will be more useful at this time.

Citi Examines Its Carrots and Sticks

Citi has been presented with an excellent opportunity to cash out the deal and focus on its own current sprawling global franchise. There is huge value it can unlock for the shareholder by managing the existing franchise effectively – without getting bogged down in additional remedial portfolios. Citi, please quit while you’re ahead!