Weill to back new startup?

Is Sandy Weill getting back into the game? Well, that's the scuttlebutt. Turns out that Peter Scaturro, who headed Citigroup's private bank until leaving for U.S. Trust, is leaving his current post at the end of the month. Scaturro has been credited with a turnaround at the firm, which had been hit hard by defections and a lack of synergy with its then-owner Charles Schwab. U.S. Trust was bought by Bank of America recently. Unfortunately, there have been subsequent disagreements leading to his somewhat surprising departure. The New York Post reports Scaturro has held talks with Weill and various private equity firms about launching a wealth management firm. The field is crowded, but it seems he has the name and the supporters to make it happen.

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