Share on
HTML EMBED
Click to Copy
Marketplace

Is your phone listening to you?

May 17, 2019

Latest Episodes

Share on
HTML EMBED
Click to Copy
Share on
HTML EMBED
Click to Copy
Marketplace Morning Report

The age of fraud

May 17, 2019
Share on
HTML EMBED
Click to Copy
Marketplace Morning Report
Share on
HTML EMBED
Click to Copy
Share on
HTML EMBED
Click to Copy
Share on
HTML EMBED
Click to Copy
Marketplace Morning Report
Share on
HTML EMBED
Click to Copy
Marketplace Morning Report
Share on
HTML EMBED
Click to Copy
Marketplace Morning Report
Share on
HTML EMBED
Click to Copy
Share on
HTML EMBED
Click to Copy

Allan Sloan: Is Citigroup ‘too big to succeed’?

Jeff Horwich Oct 22, 2012
Share Now on:
HTML EMBED:
COPY

When the CEO of Citigroup suddenly resigned, the move caught a lot of people by surprise. But it isn’t a newsflash that the country’s third-largest bank is struggling. Citi has not come roaring out of the financial crisis like Goldman Sachs or JPMorgan Chase. “The bank was going to be all things to all people and all companies,” says Allan Sloan, senior editor at large at Fortune Magazine. The problem, according to Sloan, is that the bank got too big, too complicated, and maybe too generalized to appeal to individual customers’ needs. “If you have any idea of what you are doing, you can just go the a la carte route, which a lot of people did,” says Sloan, “meanwhile the banks were falling all over themselves trying to make all the pieces work together, which generally they don’t.”

How We Survive
How We Survive
Climate change is here. Experts say we need to adapt. This series explores the role of technology in helping humanity weather the changes ahead.