The future of Citigroup

The New York Times notes that Citigroup's stock has sunk below the price it traded at 10 years ago, when the mega-merger with Travelers was announced. It has been a long bitter road to this point, and it remains unclear whether CEO Vikram Pandit can somehow right the ship. The merger at the time was visionary, but it never delivered the intended results--a tired truth by now. But a real break up does not seem to be in the cards, though some think there might be an offering of the now separate credit card unit. In some ways, Citigroup is the Street's favorite whipping boy. It's so easy to criticize. Pandit has a lot of pressure on him--and some think he'll never be successful without a true break up.

For more:
- here's the New York Times article

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