Citi Breakup in Sight (Reuters)

This just in from Reuters;  Robert Rubin's departure from Citigroup appears to have been a prelude to this. The concept of a "bad bank" is intriguing—wouldn't that be a matter of interpretation, though?

Reuters updated the article (and ratcheted up the worry) while I was working on this post;  here are the first few paragraphs of the milder version, with the first few paragraphs of the more dire one "Worries Over Citi Mount") afterwards, with a link.

Here's the scarier Reuters post, updated a few minutes ago to reflect Citi's tumbling stock prices today:

Worries over Citigroup mount

Read the rest of the article.