Tuesday, November 13, 2007

A Citibank Rumor That Has Merit

Here is a rumor sent to me about Citigroup (C) that has some merit

Robert Rubin remains chairman
John Thain brought in from the NYSE (NYX) to run the commercial bank
Vikrim Pandit would run the investment bank after it is spun off
Brokerage are would be sold to JP Morgan (JPM)

This scenario, has real merit as Citi gets to keep Pandit, who is now likely to leave if the CEO jobs goes to anyone under 60 and investors get the breakup many have been clamoring for.


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