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Citigroup Sets May Deadline for Business Review

Charles Gasparino, On-Air Editor
Friday, 15 Feb 2008 | 8:40 AM ET
Going Through Citi
The bank's new CEO makes his way through his review, with CNBC's Charlie Gasparino

Citigroup Chief Executive Vikram Pandit has set a May deadline to review the company's business segments to determine which ones to keep, according to sources within the firm.

Citigroup's brokerage business is unlikely to be affected.

More writedowns also are expected, but an exact figure is not known at this time.

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