Financial Times FT.com

Union calls for Citigroup break-up

By Francesco Guerrera in New York

Published: April 21 2008 00:03 | Last updated: April 21 2008 00:03

One of America’s largest unions will on Tuesday call for a break-up of Citigroup in a move that underlines the challenges faced by the beleaguered financial services group’s management.

The American Federation of State County and Municipal Employees (Afscme) plans to call on other investors at Tuesday’s annual shareholder meeting to support a split between Citi’s investment banking and commercial banking divisions, union officials say.

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