Citigroup's Vikram Pandit was under a bit of pressure to break up the banking behemoth even before he started as CEO. He rejected the idea early in his tenure, dazzled apparently by the synergies. He has tinkered a lot since coming on board but now unveils his biggest move to date: He has revamped the consumer unit and segmented the company along geographic lines. The consumer unit now comprises two groups, banking and a standalone credit card group. Some think the move presages an offering for the latter. But others really doubt that, which could be interesting, given the tough environment. Deutsche Bank analyst Mike Mayo, as noted by MarketWatch, has said that this marks Citigroup's sixth restructuring in 10 years. Will this satisfy the bears?

For more:
- here's the MarketWatch article

Related Articles:
Citigroup still paring the exec ranks? Article
Citigroup continues to tinker with execs. Article
Pandit against a break up? Article