Some of the biggest banks may face mandatory downsizing in an attempt to avoid "too big to fail" scenarios.

The Chairman and CEO in charge during the creation of Citigroup, now says the formation of the banking behemoth was a mistake.

Analyst see Primerica, the Insurance arm of Citigroup (NYSE: C), to have a starting value of $1.6 billion. This comes after Citigroup announce that they were taking one of their founding businesses public next year within the first quarter. They hope to generate around $100 million in the offering to alleviate their crippling debt, which includes a $45 billion bailout from the government. Furthermore, Citigroup CEO, Vikram Pandit has expressed that in January, he would be selling, restructuring or winding down eight more businesses.

Citigroup will continue to receive income from Primerica through reinsurance arrangements for term life insurance policies in place as of December 31. Primerica is run by co-CEOs John Addison and Rick Williams.

CHARLOTTE, North Carolina (Reuters) - Bank of America Corp's BAC CEO search could last until Thanksgiving, the New York Post reported on Friday.The paper, citing sources familiar with the matter, said the Charlotte, North Carolina-based bank is struggling to find an outside candidate, and the process is creating factions among...

Some big Wall Street banks are girding against the swine flu, but a flap over how the firms got the vaccine will make them miserable, writes David Weidner.

The Glide Path Option November 6, 2009 By John Mauldin The Present Contains All Possible Futures The Ugly Unemployment Numbers Argentinian Disease The Austrian Solution The Eastern European Solution Japanese Disease The Glide Path Option Philadelphia, Orlando, and Phoenix The present contains all possible futures. But not all futures are good ones. Some can be quite cruel. The one we actually get is dictated by the [...]

The Glide Path Option November 6, 2009 By John Mauldin The Present Contains All Possible Futures The Ugly Unemployment Numbers Argentinian Disease The Austrian Solution The Eastern European Solution Japanese Disease The Glide Path Option Philadelphia, Orlando, and Phoenix The present contains all possible futures. But not all futures are good ones. Some can be quite cruel. The one we actually get is dictated by the [...]

BloggingStocks: Being 34% owned by the U.S. government, Citigroup's (NYSE: C) destiny is somewhat murky. Yet, to pay off the loans, this massive financial institution must shrink. To this end, Citigroup has filed a public offering for its Primerica Financial ... Read more

BloggingStocks: John Reed, the financier who helped engineer the creation of Citigroup (NYSE: C) has a message for investors and taxpayers who are none-to-pleased with his track record of value destruction: My bad! In an interview with Bloomberg, Reed said "I'm ... Read more

Tammy DeRosier and Paul Keeton - Ah or Uh-Oh September

Schaeffer's Andrea Kramer takes a look at unusual option activity on the Street

Schaeffer's analyst Morgan Searcy takes a look at news on the Street before the market open.

Tom Dorsey and Tammy DeRosier - Country Rotation

Schaeffer's Andrea Kramer takes a look at unusual option activity on the Street