Breaking up (banks) on Wall Street is hard to do
This is a cnbc.com article.
The chorus of voices that wants to break up Citigroup grew Monday.
Keefe, Bruyette & Woods analysts became the latest to chime in and suggest the bank will need to keep unloading assets to keep investors happy.
“Citi’s valuation remains near the lows since the financial crisis and we believe that is a reflection of investor views about the ultimate return of potential of the company post restructuring,” KBW analysts wrote. “The primary motivation for splitting up would be the faster return of excess capital to shareholders.”
PiggyBankBlog Bailiff: “All rise! The honorable Congresswoman Marcy Kaptur has entered the Courtroom of Public Opinion!”