The Banker has an interesting story on how Citigroup, the world’s largest bank, is restructuring under its President and CEO, Chuck Prince. Here is an interesting quote on the scale of the operation, “Restructuring a company the scale of Citigroup is equivalent to reorganising an entire small country.” Further on “Consider, for example, that Citigroup’s annual revenues are $90bn, making it a little smaller than New Zealand but about three times the size of either Uruguay or Luxembourg. With 330,000 employees it has more people than Iceland, and its 200 million customer accounts mean that roughly one in 32 of the world’s population has a Citi account (accepting that some have more than one, which skews the figures). Citi has offices in more than 100 countries and could operate its own mini-United Nations, if it wanted to”.