The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Citigroup’s management window dressing

It could be that the bank is simply too large, and only disposals can change the culture. But the recent changes are, to date at least, a missed opportunity.

Reorganization of senior management and capital markets business is a missed opportunity.

Citigroup demands a much greater degree of attention than almost any other financial institution. At times, Chuck Prince must wish it didn’t. But such scrutiny is justified.

Why? First, because of what Citigroup was meant to become. Go back to the start of the decade and Sandy Weill’s vision of the world’s financial supermarket had everyone trembling. The unstoppable force that Citi would surely become struck fear in the hearts of other bank CEOs and changed the banking landscape. Would JPMorgan/Chase/BankOne exist today if it hadn’t been for the threat of Citigroup?

Of course the reality has been somewhat different. And the main reason for the level of scrutiny of Citigroup is that its share price hasn’t moved for five years, despite a period of unprecedented growth and profitability for the financial markets.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree