Many feel that the best hope for Citigroup to reassert itself is with a revitalized consumer unit. To that end, people have been pining for Citigroup to buy a major credit card business or expand in lucrative markets, notably California and Texas. When the Fed's embarrassing one-year moratorium lifted, people were expecting a move. So far, the waiting game continues, and the frustration mounts. In the third quarter, net revenue in consumer banking grew just 1 percent. The bank has certainly acknowledged the need for a larger consumer footprint. So it is dismaying to some that the bank seems to be more focused overseas. Stay tuned. The rumor mill is still churning. Is Washington Mutual a possible target?

For more on Citigroup:
- Here's an article from TheStreet.com