In the wake of Vikram Pandit’s resignation as CEO of Citigroup, John Gapper pointed out in the Financial Times that “Citi’s shares trade at less than a third of the multiple to book value of Wells Fargo,” because the latter is a “steady, predictable bank,” whereas Citigroup has become too complex. Gapper also quotes Mike Mayo, a leading analyst of the banking sector: “Citi is too big to fail, too big to regulate, too big to manage, and it has operated as if it’s too big to care.”Even Sandy Weill, who built Citi into a megabank, has turned against his own creation.
潘迪特辞去花旗集团CEO一职后，约翰·盖珀（John Gapper）在《金融时报》上撰文指出，“花旗的股价只有富国银行账面价值的三分之一，”因为后者是“稳健、可预测的银行”，而花旗太复杂了。盖珀还援引银行业热门分析师麦克·马约（Mike Mayo）评论银行部门的话，说“花旗太大而不能倒（fail），太大而不能管（regulate），太大而不能治（manage），而从其经营模式看，它是太大而不用管（care）。”即使是一手将花旗打造成巨型银行的桑迪·维尔（Sandy Weill）也不再支持自己的孩子。