The World

The shrinking of Citigroup

Giant financial services conglomerate Citigroup is considering radical measures to save itself. Newsweek Senior Editor Daniel Gross joins us with a look at what the shrinking of Citigroup says about our economy now and in the future.

Despite a massive bailout back in November, giant financial services conglomerate Citigroup is considering radical measures to save itself. The company is likely to sell off its brokerage unit to Morgan Stanley, and may shed other parts of its business as well. Newsweek Senior Editor Daniel Gross joins us with a look at what the shrinking of Citigroup says about our economy now and in the future.