CNBC's Charlie Gasparino was reporting early this morning on the ongoing Citigroup (NYSE: C) restructuring saga. Gasparino noted that new CEO Vikram Pandit has set a deadline of "May" for its full scale business unit review.
What is interesting is that Gasparino noted that the company is apparently not likely to unload its brokerage unit. There have been reports prior to this noting that a sale or spin-off of that unit may ultimately be in the works.
We already know about layoffs coming, but the question is just how much. So far Pandit's turnaround plan has yet to take hold and shares have not run up since Chuck Prince finally got the axe.
Jon Ogg is a partner and editor in 247WallSt.com.
What is interesting is that Gasparino noted that the company is apparently not likely to unload its brokerage unit. There have been reports prior to this noting that a sale or spin-off of that unit may ultimately be in the works.
We already know about layoffs coming, but the question is just how much. So far Pandit's turnaround plan has yet to take hold and shares have not run up since Chuck Prince finally got the axe.
Jon Ogg is a partner and editor in 247WallSt.com.
