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Forced apart?

1 November 2007 By Antony Currie

The bank s board and CEO Chuck Prince have long resisted such a move, even though it would have unlocked value. But now they may have no choice. The bank s capital ratios look to be inadequate and that s before considering the $80bn in its SIVs and any further credit problems. If it comes to a firesale, Citi s board will have to put new management in place.

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