Citigroup plans to split into two units one will be a commercial and retail banking and the other is going to focus on brokerage, asset management, and their troubled assets.  Citi has taken $45 billion from the government's taxpayer TARP, Troubled Asset Relief Program, funded which holds about $700 billion but is going down fast from other banks dipping their hands in it as well.

Citicorp is going to be the retail banking and credit card businesses,  investment banking, Citi Private Bank

Citi Holdings will take the brokerage and asset management units for CitiFinancial and CitiMortgage