According to The Financial Times, senior Citigroup (C) executives are very concerned that activist hedge funds may force a break up of the world's largest financial services company. Citi surged today on the news, before giving up most of the gains as the day went on. Will hedge funds really break up Citigroup?
Tim Strazzini says it’s very unlikely because Ciitigroup wasn’t put together to be broken apart - it was put together to take advantage of cross selling. It’s a $250 billion dollar company that Tim thinks will turn around.