The Peridot Capitalist: Citi Announces Mini Break-Up Plan, But It Should Do More

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Monday, March 31, 2008

Citi Announces Mini Break-Up Plan, But It Should Do More

Today we hear that Citigroup (C) has decided to split its consumer business into two. While not nearly as dramatic as the real break-up plan many, myself included, have discussed, it is a start. Citi will split the consumer business into two parts: consumer banking and global cards. The global card segment will include both U.S. and international credit card lending.

I think CEO Vik Pandit has the right idea here, but for Citigroup shareholders to really see full value realized for the company, they need to split off global wealth management, consumer banking, and corporate banking from each other.

Just my two cents...

Full Disclosure: No position in Citigroup at the time of writing

Related Posts:
Citigroup Break-Up Analysis - Part 1
Citigroup Break-Up Analysis - Part 2
Citigroup Break-Up Analysis - Part 3

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Disclaimer: The content contained in this blog represents the opinions of Mr. Brand. Mr. Brand may hold long or short positions in the securities discussed in this blog, but such positions will be disclosed. All of the information contained on this site is believed to be accurate when published, but mistakes could inadvertently be made. This commentary in no way constitutes investment advice because a reader's individual investment goals and risk tolerances will dictate which investments are appropriate for them. This blog is meant to be one of multiple sources of information for readers to conduct their own research in order to make personal investment decisions. Be sure to consult an investment professional before acting on any information that is contained in this blog. If you do not have an investment professional to work with, feel free to contact Peridot Capital, which is a registered investment advisory firm and works with clients individually.

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