Break-up-Citigroup advocates not giving up

Vikram Pandit's much anticipated new strategy for Citigroup was anti-climactic in several ways. Among the most disappointed were those who have been advocating a break up of the behemoth bank. Not that anyone really expected Pandit to announce anything along these lines, but the break-up bulls are not giving up. A commentary on Breakingviews says shareholders have a right to expect a lot of Pandit, including more information about financial targets and returns on specific capital investments. The commentary also says shareholders should extract, somehow, a promise that he will eschew the conglomerate model if it falls short of stated goals. I doubt this will happen.  

For more:
- here's the Breakingviews commentary

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