Citi's Split

Citigroup, once considered as the top notch financial institution of the World, is now split into to different legal entities, Citicorp and Citi Holdings. Thus, breaking the one banking or Universal Banking business operational model.

The split news came after when banking giant reported a 8.3billion$ quarterly loss. Out of two split identities Citicorp will have major chunk of business, holding private and investment banking arm. While Citi Holdings will mostly manage the non core banking part of the business.

The newly appointed CEO Vikram Pandit marked that the split will certainly help them to manage the business efficiently and also help them to serve both their clients and customers more effectively.

Lets see how these two identies work indivdually, and how they help Citi to get back on the track.

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Thanks&Regards,
Mohit