Citi break up – our questions!


Citi is alive Citigroup Inc, (C.N) struggling to contain losses, is separating assets into a “good bank” and a “bad bank,” a person close to the matter said.

The bad bank assets would stay on Citigroup’s balance sheet, but could be separately managed. They would include illiquid assets, including collateralized debt obligations. The good bank would include Citi’s main businesses, such as corporate banking, investment banking, securities underwriting, and trading of liquid securities for customers.

Citigroup would consider selling some businesses, such as Primerica Financial Services, the person said. Citi declined to comment.

via Citigroup to separate into good and bad bank: source | Reuters .

Citi’s deal with Morgan Stanley (check http://zyakaira.wordpress.com) confirms that when Vikram Pandit rode in the deal was already done in terms of the closing of Citi’s golden days as a group. That brokerage and investment businesses will continue to be a part of the worldwide retail business is a small consolation as also there is a question on its growth in emerging markets which are today the mainstay of any global corporation’s profit making strategies.

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About zyakaira

Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at: http://benchilibowl.wordpress.com http://zyaada.mp

Posted on January 14, 2009, in Bank Stocks, Financial Markets, Global, Meltdown and tagged , , , , , , , , . Bookmark the permalink. 2 Comments.

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