Friday, December 08, 2006

Citigroup (C) Higher on Management Shake-Up and Break-Up Rumors

Shares of Citigroup Inc. (NYSE: C) are 3% higher on rumors of a management shake-up and rumors the company could break-up into various companies.
There is market talk that Banc of America's departing CFO Molina could take the job at Citigroup. Recently rumors swirled that Citigroup's CFO Sallie Krawcheck was not happy with the job and was on her way out, although the company denied the reports.

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