Analyse this

6 August 2008 By Antony Currie Follow @AntonyMCurrie

Bringing its equity analysts back into the investment bank from its wealth management unit would save some cash and perhaps even bolster cooperation with their brethren in debt and macro research. It would also make it easier to sell Smith Barney.

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Citigroup is examining whether to move its equity research unit back into the investment bank, according to the Financial Times. The unit was moved to Smith Barney, the bank's wealth management division, during former New York attorney general Eliot Spitzer's investigations into tainted Wall Street research in 2002.

If executed, the research unit would report to Hamid Biglari, chief operating officer of the investment bank – and not to either sales and trading or corporate finance.

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