Citi Chairman O'Neill not pressing for bank breakup -WSJ
Feb 20 (Reuters) - Citigroup Inc chairman Michael O'Neill is not eager to explore a breakup of the third-largest U.S. bank, the Wall Street Journal reported, citing people familiar with the matter.
O'Neill was among a small group of directors who urged Citi to consider the benefits of splitting the bank after the financial crisis.
But he has concluded that breaking up Citigroup doesn't make sense now, given economic and regulatory uncertainty, the Journal quoted the people as saying.
- Thai PM calls snap election, protesters want power now |
- North Korea says Kim's powerful uncle dismissed for 'criminal acts'
- Bitter cold, ice slam U.S. East Coast; South still freezing
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'
- Venezuela's Maduro to raise pressure on business after local vote