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

Aug. 20, 2012 4:39 PM ETCitigroup Inc. (C) StockCBy: Stephen Alpher, SA News Editor3 Comments
Citigroup (NYSE: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.

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