Citi To Stay Inefficiently, Unprofitably Huge

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For those of you losing sleep over the thought of shrinkage at the house of Citi, DO NOT FEAR: despite calls by persons with a clue, the great big behemoth wants you to know that's never going to happen. On a conference call yesterday, chief financial officer Gary Crittenden told analysts-- worried that this last quarter's results were a sign of great things to come-- that the bank doesn't have "any intention to break up," and, in fact, is meeting with contractors next week to discuss adding on a master bedroom (including his and her sinks, natch) and deck.
Citigroup doubles cash to cope with markets [IHT via DealBook]

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