The Citigroup Inc, which went bankrupt in US had received a major part of the bank bailout package from the US government during recession. The company has repaid most of the assistance got from the government but the government still holds a good percent of stake in the company.
The US congress has advised that the company break itself into smaller units so that it does not get affected by collapse of any part. It was to ensure that Citigroup Inc, being one of the largest financial institutions in US, should not lose its customer confidence and the faith of public in general.
