Wednesday, November 14, 2012

Asset Manager, Pension Fund Call for Citigroup Breakup




An asset-management firm, acting on behalf of a religious organization, and an employee pension plan have filed a shareholder proposal asking Citigroup Inc. to explore a possible breakup the WSJ reports.

Trillium Asset Management LLC, on behalf of the Benedictine Sisters of Mount St. Scholastica, along with the Afscme Employees Pension Plan, noted that Citigroup's shares have "consistently traded below book value since late 2008."

The group also said the bank failed the ...

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