http://www.economist.com/businessfinance/displayStory.cfm?story_id=14649240&source=hptextfeature

ONE of Citigroup’s goals, its chief executive, Vikram Pandit, explained at a recent conference, was “reducing assets while optimising value and mitigating risk”. In selling Phibro, the bank’s freewheeling commodity-trading arm, he has certainly mitigated risk: both the financial sort and the chances of a showdown with the government over a $100m pay package for Andrew Hall, the unit’s star trader and proud owner of a German castle.