Monday, 19 January 2009

Citigroup to split as losses grow

That's an interesting 'portfolio approach' management example, for two SBUs which in theory had could develop synergies.

Citigroup to split as losses grow

Citigroup was bailed out by the US government in November
Struggling US banking giant Citigroup has announced plans to split the firm in two, as it reported a quarterly loss of $8.29bn (£5.6bn).
It said it would realign into two new firms, Citicorp and Citi Holdings.

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